date:May 15, 2014
he index rising in the year.
The monthly gain was led by a 1 per cent gain in grocery food prices, as milk, cheese and eggs gained 1.4 per cent, while bread and cereals rose 1 per cent as did confectionary, nuts and snacks. On an annual basis, grocery prices rose 1 per cent with milk, cheese and eggs making the biggest contribution, up 6.7 per cent on a 28 per cent lift in the price of butter.
The Reserve Bank is watching the pace of rising consumer prices, of which food prices contribute almo