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New Zealand Fuel Prices Fall in June

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Petrol and diesel prices in New Zealand decreased by around 4.2% and 12%, respectively, in June compared with the previous month, according to a Stats NZ selected price indexes report on Friday.

"Fuel prices remained high in June but decreased for a second consecutive month, following increases in March and April," said prices and deflators spokesperson Nicola Growden.

Food prices rose 0.6% in June compared with the previous month, driven by a 2.3% increase in fruit and vegetable prices and a 0.4% rise in grocery food prices.

Domestic airfares fell 4.1% in June from May, while international airfares rose 1.2%, and electricity and gas prices increased 0.4% and 0.9%, respectively.

Food prices increased by 2.5% on an annual basis in June, compared with a 3.2% increase in the 12 months to May, driven mainly by a 6.2% rise in meat, poultry, and fish prices, followed by a 3.1% increase in restaurant meals and ready-to-eat food.

Petrol and diesel prices both increased over the 12 months to June, rising by about 24% and 57%, respectively.

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