NZ food prices flat in July as eating out gets more expensive, fruit gets cheaper

Thu, 10 Aug 2017

By Paul McBeth Aug. 11 (BusinessDesk) - New Zealand food prices were unchanged last month as the cost of dining out got more expensive, offsetting cheaper fruit. The food price index was flat on a seasonally adjusted basis in July, holding the annual increase at 3 percent, Statistics New Zealand said. That was due to a 2.4 percent monthly decline in fruit prices, led by hefty drops in the price of avocados and strawberries, balancing out a 0.7 percent increase in restaurant meals and a 4.6 percent jump in the price of hot drinks such as...

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