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Financial News: New Zealand Food Prices Sink 0.5% In August

New Zealand Food Prices Sink 0.5% In August

09/12/2018 - 19:15:00 (RTTNews)

(RTTNews) - Food prices in New Zealand were down an unadjusted 0.5 percent on month in August, Statistics New Zealand said on Thursday - while seasonally adjusted food prices fell 0.8 percent.

Individually, fruit and vegetable prices fell 2.1 percent (down 4.6 percent after seasonal adjustment), while meat, poultry, and fish prices fell 1.4 percent and grocery food prices rose 0.5 percent (up 0.9 after seasonal adjustment).

Also, non-alcoholic beverage prices fell 1.9 percent and restaurant meals and ready-to-eat food prices rose 0.1 percent.

On a yearly basis, food prices eased 0.1 percent in August.

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