NZ food prices rose 0.5 percent in July, led by more expensive veges; fastest annual pace since Feb 2012

Sun, 11 Aug 2013

Aug 12 (BusinessDesk) - New Zealand food prices rose for a fourth month in July, led by more expensive vegetables in the middle of winter, and increased at their fastest annual pace since February last year. The food price index increased 0.5 percent in July, adding to the 2.1 percent gain in June, and is up 0.9 percent from the same time a year earlier, according to Statistics New Zealand. That’s the fastest annual gain since a 1.5 percent increase in 17 months, over a period where food prices have fallen on an annual basis in 11 of those m...

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