Food price inflation slows

Food prices rose 12.1% in the 12 months to May. (Image: Unsplash)

Wed, 14 Jun 2023

Annual food price inflation eased slightly in the 12 months to May, down to 12.1% from 12.5% in April.“Increasing prices for fresh eggs, potato chips, and lollies were the largest drivers within grocery food,” Statistics NZ consumer prices manager James Mitchell said.The second-largest contributor to the annual movement was fruit and vegetables, up by 18.7%. The increase was driven by avocados, kūmara, potatoes and tomatoes.Grocery food was up 12.7%, while meat, poultry and fish were up 11.6% and and non-alcoholic beverages were up...

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