NZ food prices rise in May on more expensive meat and veges

Thu, 11 Jun 2015

By Suze Metherell June 12 (BusinessDesk) - New Zealand food prices rose from a four-month low in May, as more expensive meat and vegetables offset a decline in fruit prices. The food price index rose 0.4 percent in May, following a 0.3 percent decline in April, according to Statistics New Zealand. On an annual basis food prices were 0.8 percent higher in May than in the same month a year earlier, and rose at a slower annual pace than April's 1 percent gain. The index makes up nearly one fifth of the broader consumers price index, whi...

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