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New Zealand food prices fall in February

WELLINGTON - New Zealand food prices eased 0.6 percent in February, data from Statistics New Zealand showed on Friday, while the index fell 0.5 percent on the year.

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People buy fruit and vegetables at a market in front of the Te Papa Museum in Wellington, New Zealand. REUTERS/Jacky Naegelen/Files

WELLINGTON - New Zealand food prices eased 0.6 percent in February, data from Statistics New Zealand showed on Friday, while the index fell 0.5 percent on the year.

The index was weighed down by fruit and vegetable prices, which were 2.6 percent lower. The only sub-group to show a rise was restaurant and ready-to-eat food prices, which rose 0.1 percent.

Food prices make up nearly 19 percent of the consumer price index.

Related Topics: FOOD
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