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Stats NZ data shows:

Cheaper fruit and vegetables help bring about drop in food prices

Monthly food prices have dropped for the first time since February. Still, data from Stats NZ shows that the cost of feeding a family is still higher than at the same time last year. Food prices dropped 0.9 per cent in October compared with September, mainly influenced by cheaper fruit and vegetables, (as well as non-alcoholic beverages, meat, poultry and fish).

After adjusting for seasonality, prices fell 0.1 per cent in October. Fruit and vegetable prices fell 5.9 per cent last month, led by lower prices for tomatoes (down 26 per cent), iceberg lettuce (down 23 per cent), capsicums (down 22 per cent), and cucumbers (down 25 per cent).

These drops were partly offset by rising prices for kiwifruit (up 41 per cent), broccoli (up 9.8 per cent), and carrots (up 9.5 per cent).

Source: stuff.co.nz


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