NZ food prices fall in November, led by cheaper spring time veggies

Wed, 10 Dec 2014

By Suze Metherell Dec. 11 (BusinessDesk) - New Zealand food prices fell in November, following no change in October, led by cheaper spring time vegetables and cheese prices. The food price index slipped 0.5 percent last month, following no change in October and September 0.8 percent decline, according to Statistics New Zealand. The index was 0.6 percent higher than November 2013. Food prices make up 19 percent of the broader consumers price index (CPI), a measure of inflation compiled by the national statistician. The Reserve Bank toda...

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