Food-price inflation eases in January

Tue, 14 Feb 2023

Annual food-price inflation fell in January for the first time since April 2022. However, prices were still 10.3% higher on an annual basis, but that was below the 30-year record increase of 11.3% recorded in December.Prices for fruit and vegetables, which have been the biggest contributor to higher food prices, were up 15.7% compared with a year ago.Once again the rate of increase was slower than in December.Vegetables NZ chair John Murphy said the recent poor weather and rising input prices were affecting growers."Some vegetable gro...

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