Annual food prices inch up 0.5% in June; rental inflation steady

Tue, 09 Jul 2019

By Rebecca Howard July 10 (BusinessDesk) - New Zealand food prices lifted 0.5 percent in the year to June, bolstered by higher prices for restaurant meals and ready-to-eat food. Rental inflation remained steady. The annual rise in food prices followed a 1.7 percent gain in May and a 1 percent increase in April, Stats NZ said. Restaurant meals and ready-to-eat food prices climbed 3.4 percent in June from a year earlier, while meat, poultry and fish prices rose 2.8 percent and grocery food prices increased 1.8 percent. In the other...

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