• Food prices fell 0.7 percent in the month of July 2014, Statistics New Zealand said today. This fall follows a 1.4 percent rise in June and a 0.6 percent rise in May.
  • In the year to July 2014, food prices decreased 0.1 percent. This follows an annual price increase of 1.2 percent in the year to June 2014.

The food price index (FPI) measures the rate of price change of food and food services purchased by households.

Coming up later in New Zealand today: New Zealand – Fonterra to make ‘Global Strategy’ announcement at press conference … at 0155GMT