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New Zealand Food Prices Spike In December

Food prices in New Zealand jumped 4.5 percent on year in December, Statistics New Zealand said on Thursday - accelerating from the 4.0 percent gain in November.

Individually, fruit and vegetable prices increased 6.9 percent; meat, poultry, and fish prices increased 3.2 percent; grocery food prices increased 4.5 percent; non-alcoholic beverage prices increased 1.7 percent; and restaurant meals and ready-to-eat food prices increased 5.1 percent.

On a seasonally adjusted monthly basis, food prices rose 0.6 percent.

Individually, fruit and vegetable prices rose a seasonally adjusted 1.1 percent; meat, poultry, and fish prices fell 0.6 percent; grocery food prices rose 0.8 percent; non-alcoholic beverage prices fell 1.2 percent; and restaurant meals and ready-to-eat food prices rose 0.8 percent.

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