Source: MIL-OSI Submissions
Annual food price increase remains high at 6.8 percent – Media release
14 June 2022
The annual rate of food price inflation increased between April 2022 and May 2022, Stats NZ said today.
Food prices were 6.8 percent higher in May 2022 compared with May 2021, up from an increase of 6.4 percent in April 2022 compared with April 2021.
In May 2022, the annual increase was due to rises across all the broad food categories we measure:
- grocery food prices increased 7.4 percent
- restaurant meals and ready-to-eat food prices increased 6.0 percent
- fruit and vegetable prices increased 10 percent
- meat, poultry, and fish prices increased 7.0 percent
- non-alcoholic beverage prices increased 2.7 percent.
Grocery food was the largest contributor to this movement, with increasing prices for restaurant meals and ready-to-eat food providing the second largest contribution.
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