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New Zealand Food Prices Rise 0.4% In February

Food prices in New Zealand were up an unadjusted 0.4 percent on month in February, Statistics New Zealand said on Wednesday - slowing from the 1.0 percent gain in January.

In February, fruit and vegetable prices rose 2.3 percent on month, while meat, poultry, and fish prices fell 0.6 percent, grocery food prices fell 0.8 percent, non-alcoholic beverage prices rose 4.1 percent and restaurant meals and ready-to-eat food prices rose 0.2 percent.

After seasonal adjustment, food prices rose 0.7 percent.

Food prices increased 1.7 percent in the year ended February 2019.

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