Food Prices Rise in New Zeland

May 12, 2016 New Zealand Finance

Tinkerbell Dairy - DannevirkePrices of food fruits and vegetables in New Zealand have risen, although meat and grocery items have become cheaper.

In a press release on May 12th Statistics New Zealand showed that in the year ending April 2016 the price of food in New Zealand rose by 0.5 percent.

The overall rise in the price of food was attributed to a disproportionate increase in the cost of fruits and vegetables, which rose by 8.9 percent.

Over the month of April alone, the price of fruits and vegetables rose by 6.3 percent, although the levels falls to 4.8 percent after seasonal adjustments are taken into account.

It was shown that the hike in prices was led mainly by tomatoes and avocados.

Conversely, the price of grocery items decreased by 1.7 percent over the year, with the price of milk falling by 10 percent, yoghurt dropping by 11 percent, while chicken and lamb also fell by 7.7 percent and 8.8 percent respectively.

Photo by geoftheref

Tags: