NZ food prices rise an annual 1.7% in May, rental inflation steady

Thu, 13 Jun 2019

By Rebecca Howard June 14 (BusinessDesk) - New Zealand food prices rose an annual 1.7 percent in May, boosted by more expensive groceries and restaurant and ready-to-eat food. The annual rise in food prices followed a 1 percent annual rise in April. Restaurant meals and ready-to-eat food prices increased 3.2 percent in May from a year earlier while grocery food prices increased 1.7 percent on the year. The increases were partly offset by a 1.4 percent fall in fruit and vegetables on the year. Broccoli, potato and cabbage prices all fe...

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