RTTNews - Food prices in New Zealand were up 2.8 percent on month in June, Statistics New Zealand said on Thursday, following the 0.3 percent monthly increase in May and the 0.6 percent fall in April. This is the largest monthly increase since a 3.8 percent increase in July 1989, the bureau said.
All five of the food subgroups increased in June, led by the fruit and vegetables subgroup (up 15.0 percent). Grocery food was up 1.1 percent, while meat, poultry and fish added 2.1 percent, non-alcoholic beverages gained 0.3 percent, and restaurant meals and ready-to-eat food was up 0.1 percent).
The most significant individual price gains came from higher prices for lettuce (up 122.8 percent) and tomatoes (up 66.7 percent), while the most significant individual price declines came from lower prices for oranges (down 15.3 percent).
Through the first six months of the year, food prices were up 8.4 percent on year following an increase of in the year to May.
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