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flag New Zealand's food inflation rose to 4.5% annually in February 2026, led by sharp increases in meat and produce prices.

flag New Zealand's food prices rose 4.5% annually in February 2026, up from a revised 4.2% in January, driven by a 7.5% increase in meat, poultry, and fish and a 9.4% rise in fruits and vegetables. flag Beef mince reached $24.46 per kilogram, up 23.2%, while steak prices also surged. flag Monthly food prices dipped 0.1% due to lower grocery, fruit, and vegetable costs, though restaurant meals and non-alcoholic beverages rose. flag Stats NZ corrected a January error that overstated the monthly increase due to incomplete data, revising it from 2.5% to 2.1% and the annual figure from 4.6% to 4.2%. flag The error did not affect major economic reports.

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