NZ food prices fall in September, led by groceries, fruit, vegetables

Wed, 10 Oct 2012

By Hannah Lynch Oct. 11 (BusinessDesk) - New Zealand food prices fell in September, snapping four months of gains, reflecting lower prices for groceries and fruit and vegetables. The food prices index fell 0.9 percent, according to Statistics New Zealand from a gain of 0.1 percent in August. Prices are down 0.3 percent from the same time last year. "Lower fruit and vegetable prices led the decline as prices unwound from the seasonal winter spike," ASB economist Jane Turner said in a statement. "The decline in fruit and vegetable prices wa...

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