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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: New Zealand food prices rise 0.2 pct Reuters - Thursday, March 12 WELLINGTON, March 12 - New Zealand food prices rose in February driven by higher soft drink and meat prices, according to official data released on Thursday. ADVERTISEMENT The food price index rose 0.2 percent last month, to be 8.8 percent higher than a year ago, Statistics New Zealand said. Food prices had risen 0.8 percent in January, with the annual rate at 9.5 percent. The food price index makes up 17.4 percent of the consumer price index. The government agency also released data showing the number of guest nights in short-term commercial accommodation fell 3 percent in January on a year ago, driven by a fall in international tourists. Earlier, the Reserve Bank of NZ cut the official cash rate by 50 basis points to 3 percent, because of the deteriorating global outlook's impact on the recession-hit domestic economy. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Ex-Biopure exec pleads guilty to faking cancerAP - Thursday, March 12 Layoff survival: Ways to keep your skills sharpAP - Thursday, March 12 US STOCKS-Wall St up for 2nd day, Dimon's comments lift banksReuters - Thursday, March 12 New Zealand dollar extends gains after RBNZ rate cutReuters - Thursday, March 12 RPT-US engineers find way to build a better batteryReuters - Thursday, March 12 Most Popular – Business Viewed Chimp used planning skills to attack humans Citi outlook sparks explosive Wall Street rally World faces 'Great Recession': IMF chief German school gunman kills 15 Swiss bank UBS says earnings 'at risk' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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