Remember when Labour declared milk prices were too high, that supermarkets needed regulation and also fresh fruit and vegetables were too expensive and so they needed to remove GST from them.
They also claimed that manufacturing was in crisis, it immediately recovered. They claimed that there was a brain drain and there was an immigration crisis, which promptly reversed. The last crisis was in milk prices and that has rebounded too.
Now it appears food prices have dropped in the last month.
Falling fresh milk prices led the way for grocery prices to go down last month, Statistics New Zealand says.
“Grocery food prices fell 0.8 per cent in October, led by a 5.7 per cent fall in fresh milk prices,” Statistics NZ consumer prices manager Matt Haigh said today.
Seasonally lower prices for fruit and vegetables also influenced the overall drop in prices. Read more »