New Zealand Food Prices Grew at Highest Annual Rate in Over a Decade

[claireokc]

Food prices in New Zealand (NZ) over the year to March 2022 grew at the fastest rate, 7.6 percent, in over a decade, according to Stats NZ. It was the largest increase since the year to July 2011, where prices increase 7.9 percent on the back of a GST increase from 12.5 to 15 percent. Fruit and vegetables led the price hike, rising a staggering 18 percent, followed by meat and fish at 8.7 percent. “Average prices for vegetables like tomatoes, broccoli, iceberg lettuce, and cabbage were notably higher than they were in March 2020 and 2021,” Stats NZ consumer prices manager Katrina Dewbery said. There was a monthly food hike of 0.4 percent in March, led by fruit and vegetables. ...

Source: https://www.theepochtimes.com/new-zeala ... 06144.html