NZ food prices fall for third month on cheaper veges, milk gets more expensive

Tue, 14 Jan 2014

Jan. 15 (BusinessDesk) - New Zealand food prices fell for a third month due to cheaper vegetables which were in season, though more expensive milk pushed up prices over the year. The food price index slipped 0.1 percent in December, adding to the 0.2 percent and 1 percent declines in the prior two months, according to Statistics New Zealand. On an annual basis, food prices were up 1.5 percent, accelerating from a 1.4 percent annual increase in November. The monthly decline was led by a 3.7 percent fall in the price of vegetables, with chea...

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