New Zealand Food Prices Surge 0.9% On Month In September

RTTNews | 829 days ago
New Zealand Food Prices Surge 0.9% On Month In September

(RTTNews) - Food prices in New Zealand were up a seasonally adjusted 0.9 percent on month in September, Statistics New Zealand said on Thursday.

Individually, fruit and vegetable prices rose 3.9 percent on month, while meat, poultry, and fish prices rose 1.0 percent, grocery food prices fell 0.1 percent, non-alcoholic beverage prices rose 1.8 percent and restaurant meals and ready-to-eat food prices rose 0.6 percent.

On a yearly basis, food prices jumped 8.3 percent.

Individually, fruit and vegetable prices increased 16 percent on year, meat, poultry, and fish prices increased 6.7 percent, grocery food prices increased 7.7 percent, non-alcoholic beverage prices increased 4.8 percent and restaurant meals and ready-to-eat food prices increased 6.9 percent.

read more
New Zealand Building Permits Rebound In November

New Zealand Building Permits Rebound In November

The number of building consents issued in New Zealand was up a seasonally adjusted 5.3 percent on month in November, Statistics New Zealand said on Monday - erasing the 5.2 percent decline in October.
RTTNews | 6 days ago
New Zealand GDP Falls 1.0% In Q3

New Zealand GDP Falls 1.0% In Q3

New Zealand's gross domestic product contracted a seasonally adjusted 1.0 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Thursday.
RTTNews | 31 days ago
New Zealand Terms Of Trade Climbs 2.4% In Q3

New Zealand Terms Of Trade Climbs 2.4% In Q3

The terms of trade in New Zealand rose a seasonally adjusted 2.4 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Tuesday.
RTTNews | 47 days ago
New Zealand Building Permits Sink 5.2% In October

New Zealand Building Permits Sink 5.2% In October

The total number of building permits issued in New Zealand was down a seasonally adjusted 5.2 percent on month in October, Statistics New Zealand said on Monday - coming in at 2,850.
RTTNews | 48 days ago
New Zealand Slashes Key Interest Rate By 50 Bps

New Zealand Slashes Key Interest Rate By 50 Bps

The Reserve Bank of New Zealand reduced its benchmark interest rate by 50 basis points on Wednesday, as inflation moved close to the midpoint of the target range and economic output remains below its potential. The Monetary Policy Committee governed by Adrian Orr decided to reduce the Official Cash Rate to 4.25 percent from 4.75 percent.
RTTNews | 53 days ago