NZ food prices rise at 0.8% annual rate in January, slowest gain in nine months

Tue, 13 Feb 2018

By Tina Morrison Feb. 14 (BusinessDesk) - New Zealand food prices increased at a 0.8 percent annual pace in January as dairy prices rose after unfavourable weather dented production. That was the smallest annual increase since April 2017 when prices advanced 0.2 percent, Statistics New Zealand said. "Some dairy products and produce items were affected by adverse conditions during winter and spring,” Stats NZ consumer prices manager Geoffrey Wong said. “This has contributed to higher prices over the past nine months.” Butter prices...

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