Retail sales up, food prices down
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March 26th, 2010
The news is good for food service in NZ! Statistics NZ have just confirmed that retail sales rose 0.8% in January ($42 million) and that food prices decreased 1%. With the Rugby world cup just around the corner things are looking better by the day.
In February 2010 compared with January 2010:
* Fruit and vegetable prices fell 3.5%
* Meat, poultry, and fish prices fell 2.4%
* Dry good prices fell 0.8%
* Non-alcoholic beverage prices fell 1.9%
* Restaurant meals and ready-to-eat food prices remained unchanged