Food price inflation hits 12%
The latest Stats NZ data is very grim, with food inflation hitting 12% over the last 12 months.
Since Labour was re-elected, the total increase in food prices has been:
- Fruit and Vegetables 40.3%
- Meat etc 15.3%
- Grocery food 18.8%
- Total food 19.1%
This is the highest level of food inflation NZ has ever had, since the Food Price Index started in 2000.
The 40% increase in fruit and vegetables over barely two years is massive. As a comparison fruit and vegetables prices only increased 18.9% over the nine years of the Key/English Government.
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