NZ food prices fall in March on cheaper cakes and candy

Fri, 11 Apr 2014

By Suze Metherell April 11 (BusinessDesk) – New Zealand food prices fell in March as cheaper cakes and candy drove a fall in grocery prices, and offset more expensive meat and produce. The food price index fell 0.3 percent in March following a 1 percent fall in February, according to Statistics New Zealand. Food prices rose 1.2 percent on an annual basis, the first time all five components of the index increased since September 2011. The monthly decline was led by a 1.6 percent drop in grocery prices to their lowest level since August as...

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