NZD: NZ food prices fall, but inflation remains elevated – Commerzbank

Food prices show signs of easing but still higher than a year ago

Reading Time: 2 minutes By Anan Zaki of RNZ Food price pressures eased in November amid a sharp fall in the price of fruit and vegetables, but remain considerably higher than a year ago. Stats NZ numbers showed food prices easing 0.4 percent in November from the month before, the third consecutive monthly fall. But on an annual basis, food prices were 4.4 percent higher than a year ago, compared to a 4.7 percent increase in the October year. Fru…

Falling food prices point toward lower annual inflation rate

Statistics NZ's Selected Price Indexes show that food prices dropped 0.4% in November, lowering the annual increase to 4.4% - while rents had their lowest annual increase since at least 2011

NZD: NZ food prices fall, but inflation remains elevated – Commerzbank

Food prices in New Zealand fell by 0.4% in November compared with the previous month. However, they are still 4.4% higher than a year ago and therefore continue to pose a problem for the central bank.