Economic Buzz: New Zealand Food Prices Up 6.4% On Year In April

12 May 2022 , 11:38 AM

Food prices in New Zealand were up 6.4 percent on year in April, easing from the 10-year high of 7.6 percent in March, according to the Statistics New Zealand. Individually, grocery food prices increased 6.4 percent, while restaurant meals and ready-to-eat food prices increased 5.3 percent, fruit and vegetable prices increased 9.4 percent, meat, poultry, and fish prices increased 8.1 percent and non-alcoholic beverage prices increased 2.8 percent. On a seasonally adjusted monthly basis, food prices rose 0.1 percent. Individually, fruit and vegetable prices fell 3.2 percent, while meat, poultry, and fish prices fell 0.4 percent, grocery food prices rose 0.8 percent, non-alcoholic beverage prices fell 0.8 percent and restaurant meals and ready-to-eat food prices rose 1.4 percent.Powered by Commodity Insights