NZ food prices weaken in May, avocados smash records

Tue, 12 Jun 2018

By Tina Morrison June 13 (BusinessDesk) - New Zealand food prices slipped in May as record high prices for avocados and increased meat prices were offset by weaker prices for mandarins, kiwifruit and tomatoes. Statistics NZ said food prices fell a seasonally adjusted 0.1 percent in May from April as rises in meat, poultry and fish prices were offset by falls in fruit and vegetable prices - except for avocados which hit a record average price for a 200-gram avocado of $5.05, up 37 percent from April and 50 percent higher than May last year...

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