Food prices fall overall but fruit and vegetable prices spike
Food prices fell for the third consecutive month in December as cheaper groceries and drinks offset a sharp rise in fresh fruit and vegetables.
Official numbers show prices fell 0.2 percent on the previous month.
Grocery prices fell one percent as a group, driven by such items as chips, biscuits, some dairy and meat products, and soft drinks.
The biggest price rises were fruit and vegetables, especially kiwifruit, which hit a record high average price of more than $8.20 a kilogram, nearly double the price the year before .
Annual food inflation remained at 2.4 percent.
Food prices make up about a fifth of the overall inflation rate.
This article was originally published on RNZ and re-published with permission.
We value fearless, independent journalism. We hope you do too.
Newsroom has repeatedly broken big, important national news stories and established a platform for quality journalism on issues ranging from climate change, sexual harassment and bullying through to science, foreign affairs, women’s sports and politics.
But we need your support to continue, whether it is great, small, ongoing or a one-off donation. If you believe in high quality journalism being available for all please click to become a Newsroom supporter.
Most popular on newsroom
Atwood, Swarbrick and an expensive waste of time
Chlöe Swarbrick was more interested in herself at the Civic last night than engaging with her guest Margaret Atwood, writes Paula Morris.
Immigration landmine looms
Labour and New Zealand First are considering whether to abandon a 20-year-old practice of limiting total residency approvals at between 37,000 and 47,000 a year. Dileepa Fonseka reports this much-delayed and politically explosive decision is due before the election.