Beginners Luck
-
NZ food prices jumped 12.1% in March compared to same time last year
Food prices increased 12.1% in March compared to the same time last year, a rate of growth not seen since the end of the 1980s. The Stats NZ Food Price Index showed food prices were up 0.8% in March 2023 compared to February 2023, after a 1% month-on-month decline the previous month. Year-on-year, fruit and vegetables prices increased 22.2%, meat, poultry, and fish prices increased 7.8%, grocery food prices increased 13.7% and restaurant meals and ready-to-eat food prices increased 8.7%. “Increasing prices for barn or cage-raised eggs, potato chips, and six-pack yoghurt were the largest drivers within grocery ... (full story)