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New Zealand food prices higher in June
WELLINGTON : New Zealand food prices rose in June, as higher fruit and vegetable prices offset lower meat prices, acco
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WELLINGTON: New Zealand food prices rose in June, as higher fruit and vegetable prices offset lower meat prices, according to official data released on Wednesday.
The food price index rose 1.4 percent last month, to be 7.5 percent higher than a year ago, Statistics New Zealand said.
The annual increase also reflects a rise in the government sales tax last October, which has added 2.2 percentage points.
The food price index makes up 17.4 percent of the consumer price index.
Copyright Reuters, 2011
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