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Fifth consecutive monthly fall in food prices
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Food prices decreased 0.3 percent in the December 2009 month, Statistics New Zealand said today. This is the fifth consecutive monthly fall in food prices, the first time it has happened since December 1967.
December’s fall in the food price index (FPI) was largely driven by lower prices for the meat, poultry, and fish subgroup (down 1.2 percent). Prices returned to levels last recorded in October 2008, but are still 10.1 percent higher than two years ago.
Price falls for grocery food (down 0.3 percent), non-alcoholic beverages (down 1.2 percent), and restaurant meals and ready-to-eat food (down 0.2 percent) also contributed to the fall in the December 2009 FPI. Full Story |
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Submitted Jan 19, 2010 5:11pm
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