NZ food prices jump in August posting biggest monthly increase in at least three years

NZ food prices jump in August posting biggest monthly increase in at least three years
Paul McBeth
By Paul McBeth Sept. 13 (BusinessDesk) - New Zealand food prices posted their biggest monthly increase in at least three years in August as produce and grocery items got more expensive.  Food price increased a seasonally adjusted 1.2 percent in August, snapping three months of cheaper goods, and led higher by a 1.7 percent rise in fruit and vegetable prices, Statistics New Zealand said. The monthly spike in produce prices was driven by seasonally higher prices for tomatoes, lettuce and cabbage, while banana prices climbed 22 percent to a...