NZ food prices rise at fastest pace since 2011, led by rising fruit and veggie prices

Tue, 14 Apr 2015

By Suze Metherell April 15 (BusinessDesk) - New Zealand food prices rose at their fastest annual pace in over three years in March, pushed higher by rising fruit and vegetable prices. The food price index rose 0.1 percent in March, from a 0.7 percent drop in February, according to Statistics New Zealand. Prices increased 1.9 percent from the same month a year earlier, the largest annual increase since December 2011, and accelerating from a 1.5 percent increase in the year to February. The food price index makes up nearly one fifth of...

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