Food price figure ‘disguises rise’
PA Wellington The nil change in food Brices8 rices for October disguised le fact they had risen by 14.6 per cent during the last 12 months, said the Opposition finance spokesman, Mr Bill Birch, last evening. He said that the respite was welcome. “The reduction is likely be short-lived,” Mr Birch said.
“The CPI for the December quarter will be the lowest this year, because of the high value of the New Zealand dollar.”
The high value had made imported food items and other imports cheaper.
“Next year there is a strong indication that inflation will rise again steeply. “The 16 to 18 per cent wage settlement will push up prices, including food prices and in addition imported prices will rise as the dollar falls.
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Press, 13 November 1985, Page 6
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130Food price figure ‘disguises rise’ Press, 13 November 1985, Page 6
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