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Biggest drop in food prices in New Zealand since 2012

Staff writer |
According to Statistics New Zealand, in the year to December 2015, food prices decreased 1.3 percent, influenced by lower prices for grocery foods.

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Meat, poultry, and fish prices fell 2.7 percent.
This is the largest annual fall since July 2012. Grocery food prices decreased 3.0 percent over the year. However, during the year fruit and vegetable prices increased 2.4 percent, with higher prices for avocados and bananas.

"Prices rose for apples, avocados, and bananas in December. Fruit prices were up 5.1 percent, although this rise was only 1.5 percent after adjusting for seasonal effects," said consumer prices manager Matt Haigh.

Meat, poultry, and fish prices fell 2.7 percent. Grocery food prices fell 0.6 percent (down 0.3 percent after seasonal adjustment). Non-alcoholic beverage prices fell 3.4 percent.

Fruit and vegetable prices rose 1.5 percent (up 1.2 percent after seasonal adjustment). Restaurant meals and ready-to-eat food prices rose 0.3 percent.

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