NZ food prices fall in September on cheaper fruit, veg and cheese

Sun, 12 Oct 2014

By Suze Metherell Oct. 13 (BusinessDesk) - New Zealand food prices fell in September, as cheaper cheese and seasonal fruit and vegetables offset rising meat prices. The food price index fell 0.8 percent last month, after rising 0.3 percent in August, according to Statistics New Zealand. The index was 0.1 percent lower than it was in September 2013, as supermarket discounting of bread led to cheaper groceries. The cost of food makes up about 19 percent of the broader consumer price index, a measure of inflation in the economy, compiled...

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