Food prices in New Zealand rose 0.2% annually in May 2024, marking the smallest increase since 2018, mainly due to cheaper fruits, vegetables, and meat.
Food prices in New Zealand rose by 0.2% in the 12 months to May 2024, marking the smallest annual increase since September 2018. The decrease was mainly due to cheaper prices for fruits and vegetables (-11.4%) and meat, poultry, and fish (-1.2%). This is the first annual decrease in meat, poultry, and fish prices in over three years, driven by lower prices for lamb chops, legs of lamb, and chicken pieces.
June 13, 2024
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