Food prices fall in December
11:00 AM Monday Jan 17, 2011

Food prices fell 0.8 per cent in December, said Statistics New Zealand today.

This follows a 0.6 per cent decrease in November. The main reason behind the fall was the big seasonal fall in vegetable prices, which were down 7.9 per cent in December.

Tomato, lettuce, capsicum, cabbage and broccoli were all down.

"Prices for green vegetables were affected by unseasonal weather in September and October, and prices in November and December 2010 were still well above usual levels," Statistics New Zealand prices manager Chris Pike said.

Grocery food prices fell 0.4 per cent in December, with snack foods contributing to this decrease, falling 4.9 per cent. Milk, cheese, and egg prices decreased 1.1 per cent in December 2010, however, they are still 11.3 per cent higher than a year earlier.

More here.