Food prices in New Zealand were five percent higher in July than a year earlier, up from a 4.6 percent increase in June, Stats NZ says.
“All five food groups recorded higher prices compared with a year ago,” said prices and deflators spokesperson Nicola Growden.
The grocery food category was the biggest driver, up 5.1 percent over the year, fuelled by sharp rises in the cost of milk, butter, and cheese.
Average prices in July showed 2 litres of milk at $4.70, up 16 percent; 500 grams of butter at $8.59, up 42.2 percent; and a 1-kilogram block of cheese at $13.01, up 29.5 percent.
These figures reflect the cheapest available options for each product….
Dairy and Meat Drive New Zealand Food Prices Up 5 Percent as Cost Pressures Bite
