Financial News: New Zealand Food Prices Rise 0.7% On Year

New Zealand Food Prices Rise 0.7% On Year In March

04/11/2024 - 18:52:00 (RTTNews)

(RTTNews) - Food prices in New Zealand were up 0.7 percent on year in March, Statistics New Zealand said on Friday - slowing from 2.1 percent in February.

The smaller annual increase was due to cheaper prices for fruit and vegetables, down 13.3 percent in the 12 months to March 2024.

Prices for alcoholic beverages were up 5.2 percent in March 2024 compared with March 2023, mostly driven by higher prices for beer, up 7.1 percent.

On a monthly basis, food prices fell 0.5 percent.

The biggest contributor to the monthly fall was the fruit and vegetables group, driven by cheaper prices for kumara, apples, and grapes. The meat, poultry, and fish group also contributed to lower food prices, driven by cheaper prices for lamb, beef steaks, and bacon.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Indonesia GDP Data Due On Monday (04 hr(s), 34 min(s), 44 sec(s) ago)
(RTTNews) - Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a ...Full Story»

Norges Bank Keeps Policy Rate Steady At 4.50% (11 hr(s), 42 min(s), 44 sec(s) ago)
(RTTNews) - The Norwegian central bank maintained its key interest rate for the third straight dec ...Full Story»

U.S. Service Sector Activity Contracts For First Time Since December 2022 (12 hr(s), 03 min(s), 44 sec(s) ago)
(RTTNews) - After growing for fifteen consecutive months, U.S. service sector activity unexpectedl ...Full Story»

Eurozone Unemployment Rate Steady At 6.5% For Fifth Month (12 hr(s), 21 min(s), 44 sec(s) ago)
(RTTNews) - Euro area jobless rate remained unchanged at a record low for the fifth month in a row ...Full Story»

U.S. Services PMI Unexpectedly Indicates Contraction In April (12 hr(s), 26 min(s), 44 sec(s) ago)
(RTTNews) - After growing for fifteen consecutive months, U.S. service sector activity unexpectedl ...Full Story»

U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher (13 hr(s), 10 min(s), 44 sec(s) ago)
(RTTNews) - After reporting stronger than expected job growth over the past several months, the La ...Full Story»

U.S. Employment Climbs Much Less Than Expected In April (13 hr(s), 58 min(s), 44 sec(s) ago)
(RTTNews) - After reporting stronger than expected job growth over the past several months, the La ...Full Story»

Turkey Inflation Rises Further To 17-Month High (14 hr(s), 23 min(s), 44 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation increased further in April to the highest level ...Full Story»