Economic Buzz: New Zealand Food Prices Jump 7.4% On Year In July

12 Aug 2022 , 01:49 PM

Food prices in New Zealand were up 7.4 percent on year in July, Statistics New Zealand reported – accelerating from 6.6 percent in June. Individually, fruit and vegetable prices increased by 10 percent; meat, poultry, and fish prices increased by 7.7 percent; grocery food prices increased by 7.5 percent; non-alcoholic beverage prices increased by 4.6 percent; and restaurant meals and ready-to-eat food prices increased by 6.6 percent. On a seasonally adjusted monthly basis, food prices were up 1.1 percent (2.1 percent unadjusted).Powered by Commodity Insights