NZ food prices fall in November as milk holds at 7-year low, beef prices at all-time high

Thu, 10 Dec 2015

By Sophie Boot Dec. 11 (BusinessDesk) - New Zealand food prices fell in November, as milk maintained last month's slump, while beef prices hit an all-time high. The food price index slipped 0.2 percent in November, Statistics New Zealand said. Food prices fell 3.8 percent on an annual basis. Grocery food prices, the biggest component of the index, declined 0.1 percent, after falling 0.8 percent in October, and are down 3.2 percent on November 2014. Chocolate biscuits were 9.7 percent cheaper and the price of white sugar fell 8.2 percen...

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