New Zealand’s food prices declined for the fourth straight month in December, figures from Statistics New Zealand showed Monday.
Food prices dropped 0.8 percent month-over-month in December, faster than the 0.4 percent fall in November.
Grocery food and seasonally cheaper fruit and vegetables were the main factors in the dip in food costs.
After four successive monthly rises, butter prices dropped 4.9 percent.
On a yearly basis, food prices grew at a stable rate of 2.3 percent in December.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
