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Economic Buzz: New Zealand Food Prices Up 4.5% On Year In December

Economic Buzz: New Zealand Food Prices Up 4.5% On Year In December

January 20, 2022 11:20 IST | capital market

New Zealand food prices climbed 4.5 percent on year in December, Statistics New Zealand said on Thursday, accelerating from the 4.0 percent gain in November. Individually, fruit and vegetable prices increased 6.9 percent; meat, poultry, and fish prices increased 3.2 percent; grocery food prices increased 4.5 percent; non-alcoholic beverage prices increased 1.7 percent; and restaurant meals and ready-to-eat food prices increased 5.1 percent. On a seasonally adjusted monthly basis, food prices rose 0.6 percent.

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