City
Epaper

New Zealand's annual food price increase remains high at 6.4%

By IANS | Updated: May 13, 2022 10:00 IST

Wellington, May 13 New Zealand's food prices were 6.4 per cent higher in April 2022 compared with April ...

Open in App

Wellington, May 13 New Zealand's food prices were 6.4 per cent higher in April 2022 compared with April 2021, which was due to hikes across all the broad food categories measured, the country's statistics department Stats NZ said.

"Inflation of food prices has generally been increasing since a low of 0.5 percent in the year to March 2021," consumer prices manager Katrina Dewbery said in a statement.

This followed a period from October 2011 when food price annual inflation was mostly under 2.5 per cent, Dewbery said, adding ready-to-eat food and restaurant meals see the monthly rise, while fruit and vegetables drop, reports Xinhua news agency.

Monthly food prices were 0.1 per cent higher in April 2022 compared with March 2022. This was mainly due to a rise in prices for restaurant meals and ready-to-eat food, and a fall in prices for fruit and vegetables, she said.

The higher prices in restaurant meals and ready-to-eat food coincided with the minimum wage increase, Dewbery said, adding the food had the largest monthly increase in over a decade, up 1.4 percent.

This was mainly due to higher prices for dine-in lunches, hamburgers, and coffee.

"We often see price rises in restaurant meals and ready-to-eat food following an increase in the minimum wage," she 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 nzKatrina dewberyXinhuaNew ZealandWellingtonAotearoa
Open in App

Related Stories

CricketNZ vs SA 4th T20I: Keshav Maharaj Wins Toss, South Africa Opt To Bat First Against New Zealand; Check Playing XIs

CricketNZ vs SA 4th T20I LIVE Cricket Streaming: When and Where To Watch New Zealand vs South Africa Match in India

CricketNew Zealand vs South Africa 4th T20I: Weather Forecast, Pitch Report, Match Timing, NZ vs SA Probable Playing XIs and Live Streaming Details

CricketNew Zealand vs South Africa T20I Series 2026 Schedule: Full List Matches, Dates, Timings, Venues, Squads and Live Streaming Details

NationalAhmedabad Traffic Update for India vs New Zealand T20 World Cup Final: Check Road Closures and Alternate Routes Near Narendra Modi Stadium

Politics Realted Stories

PoliticsMaharashtra: Supriya Sule urges Congress to withdraw candidate for Baramati bypoll in favour of NCP's Sunetra Pawar

PoliticsShashi Tharoor says Kerala polls a direct fight between LDF-UDF, claims "BJP not a factor here"

Politics"Entire West Bengal walking on path of change shown by Medinipur, Nandigram": PM Modi in Haldia

Politics"BJP so desperate that they are buying votes", claims Congress' Shama Mohammad amid Kerala polls; predicts UDF victory

Politics"Impeachment process reduced to one person's decision": Congress' Abhishek Manu Singhvi after motion to remove CEC rejected