Thursday, August 28, 2014

The price of food has come down slightly, following several months of increases.

Statistics New Zealand reports that food prices fell 0.7% last month.

Meat was cheaper, as well as grocery items, fruit and vegetables.

The price of beef fell 4.4% - down from its highest recorded level in June.

The 0.7% drop in grocery items was influenced by lower prices for food additives and condiments.

And while breakfast cereals were markedly cheaper, the price of bread increased - by 2.6%.

Items for sale in Dunedin