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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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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