Food price lift of 12.5% in year to April largest in nearly 36 years

(Image: Unsplash)

Thu, 11 May 2023

Food prices were 12.5% higher in April 2023 than they were in April 2022, news which will add to the view that inflation is still running hot. It’s the largest annual increase in nearly 36 years. “The 12.5% annual increase in April 2023 was the largest since September 1987 which included the introduction of GST in 1986,” consumer prices manager James Mitchell said.Grocery food prices were up 14% while fruit and vegetable prices jumped 22.5%.Restaurant meals and ready-to-eat food prices increased by 9%.Monthly food p...

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