New Zealand's commodity prices rose for the fifth successive month in September, mainly driven by dairy prices, the results of a survey by ANZ showed Wednesday.
The ANZ commodity price index climbed 5.1 percent month-over-month in September, faster than August's 3.2 percent increase.
Dairy prices grew sharply by 15.0 percent over the month, with broad-based gains across all product categories. Outside of dairy, price rises were confined to lamb and kiwifruit.
All the other sectors experienced flat to lower prices in September. Prices of apple declined the most by 5.5 percent.
The NZD ANZ commodity price index went up 3.9 percent from August, when it rose by 1.9 percent.
On an annual basis, the NZD ANZ commodity price index fell 5.0 percent in September, much faster than the 0.5 percent drop in August.
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