New Zealand food prices rose 1.2% annually, led by restaurant meals (3.5%) and grocery food (2.7%).
New Zealand's food prices rose 1.2% annually, according to Stats NZ, driven primarily by increases in restaurant meals (up 3.5%) and grocery food (up 2.7%). Key contributors included higher costs for lunch, takeaway coffees, and certain grocery items like olive oil and butter. Meanwhile, fruit and vegetable prices fell by 8.3%. Overall, consumer price inflation remains within the Reserve Bank's target range of 1% to 3%.
October 10, 2024
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