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flag Chocolate prices in New Zealand hit a record $6.89 per 250 grams, up 20.5% yearly, due to soaring global cocoa costs and delayed price hikes from major brands.

flag Chocolate prices in New Zealand rose 20.5% over the past year, averaging $6.89 per 250 grams—nearing $7—for the first time, driven by a 37% increase in global cocoa prices and delayed price adjustments from major brands like Whittaker’s. flag This marks the third consecutive month of double-digit annual hikes, exceeding typical Valentine’s Day spikes. flag Other food items also saw steep increases, including white bread (57.9%), sirloin steak (22.9%), and takeaway coffee (6.6% to $5.16). flag Despite seasonal discounts, prices remain elevated, with retailers like Woolworths selling chocolate blocks for $7.49, reflecting broader inflation pressures.

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