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New Zealand: Increase in food prices for sixth straight month
(MENAFN) On Wednesday, Oct. 13 statistics department Stats NZ reported that costs of food in New Zealand climbed 0.5 percent last month compared with August, mostly impacted by higher costs of grocery food and meat, poultry, and fish.
Stats NZ noted that last month’s movement is the sixth straight month-on-month increase. After amending for seasonality, costs increased 0.9 percent.
It added that grocery food costs climbed 0.8 percent during September, mostly affected by higher costs of fresh eggs, chocolate biscuits, and sweets.
Consumer prices manager Katrina Dewbery stated in a report that the weighted average price of cage or barn-raised eggs jumped steeply to 5.22 New Zealand dollars (USD3.63) per dozen, rising from 4.65 New Zealand dollars (USD3.23) during August.
Stats NZ noted that last month’s movement is the sixth straight month-on-month increase. After amending for seasonality, costs increased 0.9 percent.
It added that grocery food costs climbed 0.8 percent during September, mostly affected by higher costs of fresh eggs, chocolate biscuits, and sweets.
Consumer prices manager Katrina Dewbery stated in a report that the weighted average price of cage or barn-raised eggs jumped steeply to 5.22 New Zealand dollars (USD3.63) per dozen, rising from 4.65 New Zealand dollars (USD3.23) during August.
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