NZ food prices rise in July as takeout and restaurant meal prices push higher

Sun, 12 Aug 2018

By Rebecca Howard Aug. 13 (BusinessDesk) - New Zealand's food prices rose in July, once again led by higher prices for takeout and restaurant meals and echoing strong activity in the hospitality sector in a separate indicator of services. Statistics New Zealand said food prices rose 0.7 percent in July and 1.1 percent on the year, with the annual lift driven by a 3.2 percent jump in restaurant meals and ready-to-eat food prices. It was the largest annual increase since September 2011 and all items priced in this category increased in pri...

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