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Growth of New Zealand's annual food prices hits 11-yr high

By IANS | Updated: March 11, 2022 15:35 IST

Wellington, March 11 New Zealand's annual food prices rose 6.8 per cent in February 2022 compared with February ...

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Wellington, March 11 New Zealand's annual food prices rose 6.8 per cent in February 2022 compared with February 2021, hitting an 11-year high, the statistics department Stats NZ said on Friday.

This was the largest annual increase since July 2011 when prices increased 7.9 per cent, Xinhua news agency quoted Stats NZ as saying.

Fruit and vegetable prices were the largest contributor to the annual movement, which increased by 17 per cent, mainly influenced by tomatoes, broccoli, and iceberg lettuce, food prices lead analyst Angus Crowe said in a statement.

Restaurant meals and ready-to-eat food prices rose 0.3 per cent, while meat, poultry, and fish prices rose 0.1 per cent, Crowe said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Stats nzXinhuaNew ZealandWellingtonAotearoa
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