NZ food prices fall in February, led by cheap summer fruit and veges

Thu, 10 Mar 2016

By Paul McBeth March 11 (BusinessDesk) - New Zealand food prices fell for the sixth time in seven months, led by cheap summer fruit and vegetables. The food price index fell 0.6 percent in February, turning around a 2 percent increase in January, Statistics New Zealand said. On an annual basis, prices were down 0.5 percent, its fifth month in a row where prices were lower than a year earlier. Food prices account for about 17 percent of the consumers price index, which has tracked below the Reserve Bank's target band of between 1-and-...

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