NZ food prices rise 0.3% in May, led by more expensive fruit and vegetables

Thu, 13 Jun 2013

By Tina Morrison June 14 (BusinessDesk) – New Zealand food prices rose for a second month in May, led by more expensive fruit and vegetables. Prices advanced 0.3 percent in May from April when they gained 0.2 percent, according to Statistics New Zealand. Prices were down 0.1 percent from May last year. Food prices make up about 19 percent of the consumers price index which will be released for the second quarter on July 16. The Reserve Bank yesterday forecast inflation of 0.3 percent for the quarter, taking annual inflation to 0.8 percent, m...

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