Economic Buzz: New Zealand Food Inflation Rise 6.8% On Year

14 Jun 2022 , 11:25 AM

According to Statistics New Zealand food prices in New Zealand were up 6.8 percent on year in May. Thats up from the 6.4 percent annual increase in April. Individually, grocery food prices increased 7.4 percent, while restaurant meals and ready-to-eat food prices increased 6.0 percent, fruit and vegetable prices increased 10 percent, meat, poultry, and fish prices increased 7.0 percent and non-alcoholic beverage prices increased 2.7 percent. Monthly, food prices were 0.7 percent higher in May and 0.8 percent higher after seasonal adjustments.Powered by Commodity Insights