NZ food prices rise in May on expensive vegetables

Thu, 12 Jun 2014

By Suze Metherell June 13 (BusinessDesk) - New Zealand food prices rose in May as a drop off in the price of meat, poultry and fish was offset by a 16 percent gain in vegetables. The food price index advanced 0.6 percent in May, matching April's 0.6 percent gain, according to Statistics New Zealand. On an annual basis, food prices have increased every month for the past year with May's annual gain picking up to 1.8 percent from a 1.5 percent advance in April, with all five components gaining. The monthly increase was spurred by a 6.9 p...

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