Grocery food the largest contributor to 12.1 percent annual increase in food prices
Monday 17 April 2023, 1:17PM
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Food prices were 12.1 percent higher in March 2023 than they were in March 2022, according to figures released by Stats NZ today. Grocery food was the largest contributor to this movement.
“Increasing prices for barn or cage-raised eggs, potato chips, and 6-pack yoghurt were the largest drivers within grocery food,” consumer prices manager James Mitchell said.
In March 2023, the annual increase was due to rises across all the broad food categories Stats NZ measures. Compared with March 2022:
- grocery food prices increased by 14 percent
- fruit and vegetables prices increased by 22 percent
- restaurant meals and ready-to-eat food prices increased by 8.7 percent
- meat, poultry and fish prices increased by 7.8 percent
- non-alcoholic beverage prices increased by 8.2 percent.