New Zealand’s food prices have been 6.4 per cent increased in April 2022 in contrast with April 2021, which was resulting from hikes across all the broad food categories measured, the nation’s statistics division Stats NZ mentioned.
“Inflation of food prices has generally been increasing since a low of 0.5 percent in the year to March 2021,” shopper prices supervisor Katrina Dewbery mentioned in a press release.
This adopted a interval from October 2011 when food worth annual inflation was principally below 2.5 per cent, Dewbery mentioned, including ready-to-eat food and restaurant meals see the month-to-month rise, whereas fruit and greens drop, experiences Xinhua information company.
Monthly food prices have been 0.1 per cent increased in April 2022 in contrast with March 2022. This was primarily resulting from a rise in prices for restaurant meals and ready-to-eat food, and a fall in prices for fruit and greens, she mentioned.
The increased prices in restaurant meals and ready-to-eat food coincided with the minimal wage enhance, Dewbery mentioned, including the food had the most important month-to-month enhance in over a decade, up 1.4 p.c.
This was primarily resulting from increased prices for dine-in lunches, hamburgers, and low.
“We often see price rises in restaurant meals and ready-to-eat food following an increase in the minimum wage,” she mentioned.
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