By James Glynn
SYDNEY--New Zealand's food price index fell 0.8% in December from November, with vegetable prices dropping for the fourth month in a row, according to Statistics New Zealand.
The weakness in vegetable prices was led by cabbage, broccoli and cauliflower, it said.
Lower food prices were seen across most food items in December 2016, with non-alcoholic beverages falling 3.1%.
After seasonal adjustment, food prices fell 0.5%, the department said.
"This seasonal movement is expected as we move through summer -- December has been the cheapest month for these kinds of vegetable for the past five years," consumer prices manager Matt Haigh said. "Citrus fruits are also following their seasonal trend, rising 11% in December."
Despite the seasonal decrease, food prices increased by 0.6% in the year to December, led by vegetables, milk, and butter.
Milk rose 6.1% in the year, to $3.32 for two liters, and butter rose 34%.
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(END) Dow Jones Newswires
January 15, 2017 17:12 ET (22:12 GMT)
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