New Zealand food prices rocket skywards
New Zealand's annual food price increase reached a 14-year high of 10.1 per cent.
The New Zealand Herald reports food prices jumped 0.8 per cent in the month of October - and fruit and vegetable prices alone increased by 17 per cent, according to data released by Stats NZ..
“This was the highest annual increase since November 2008,” Stats NZ consumer prices senior manager Nicola Growden said. Compared with October last year, grocery food prices increased by 9.7 per cent.
“Increasing prices for barn-raised eggs, cheddar cheese, and two-minute noodles were the largest drivers within grocery food,” Ms Growden said.
Noodles, pasta sauce and capsicums were major recipes in September inflation stats, the website reported.
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