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Food prices shoot up in New Zealand

06-14-2011 14:15 BJT

WELLINGTON, June 14 (Xinhua) -- New Zealand food prices in May had their highest annual rise for almost two years, the government statistics agency announced Tuesday.

Food prices rose 0.5 percent in May and were up 7.4 percent from a year earlier, said a statement from Statistics New Zealand.

The 7.4-percent jump was the largest annual increase since an 8. 4-percent rise in the year to July 2009, but it included a 2.2- percent rise in October last year, when the goods and services tax rose.

Prices of fruit and vegetables had the largest impact on overall food prices in May, rising 1.6 percent, said the statement.

This was influenced by seasonal price rises for lettuce (up 45. 6 percent), tomatoes (up 16.9 percent) and cucumbers (up 74.7 percent).

However, the rises were partly offset by seasonal price falls for kiwifruit, which were down 61 percent.

Meat, poultry, and fish prices rose 1.2 percent in May, with higher prices for fresh chicken, up 4.3 percent, and bacon, which was up 5.7 percent, partly reflecting a reduced level of discounting, said the statement.

"Domestic retail meat prices have risen strongly over the past year, reflecting higher export prices for beef and lamb," said Statistics New Zealand prices manager Chris Pike.


Editor:Zheng Limin |Source: Xinhua

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