Food prices in New Zealand fell by 0.2% mom in September after rising 0.6 percent in August, reported the Bureau of statistics New Zealand. However, year on year in September, the index of food prices increased 3.0 percent after increasing 2.3 percent.
“Prices for dairy products, including butter, fresh milk, cheese and yogurt, were higher in September,” – said the Manager of the consumer price index Matthew Haig. “For every $100 spent for food, consumers spent about $10 on dairy products.”
The price of fruit and vegetables fell by 4.9% in the month, while prices for meats, poultry and fish fell 0.2%. Prices for food products increased by 0.9%, soft drinks – by 2.3% and food in restaurants and ready to eat prices for food rose 0.1%.
In annual terms prices for fruits and vegetables rose 5.7%, while prices for meats, poultry and fish rose by 1.4%. Prices on food products grew by 3,7%, soft drinks – by 1.0%, while food in restaurants and prices for ready to drink products rose 2.2%.
With seasonally adjusted prices for food rose 0.5 percent in the month.
Information-analytical Department Forex club