Wellington, May 13 (IANS): New Zealand’s food costs had been 6.4 per cent increased in April 2022 in contrast with April 2021, which was because of hikes throughout all of the broad food classes measured, the nation’s statistics division Stats NZ stated.
“Inflation of food prices has generally been increasing since a low of 0.5 percent in the year to March 2021,” shopper costs supervisor Katrina Dewbery stated in a press release.
This adopted a interval from October 2011 when food price annual inflation was largely beneath 2.5 per cent, Dewbery stated, 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 costs had been 0.1 per cent increased in April 2022 in contrast with March 2022. This was primarily because of an increase in costs for restaurant meals and ready-to-eat food, and a fall in costs for fruit and greens, she stated.
The increased costs in restaurant meals and ready-to-eat food coincided with the minimal wage increase, Dewbery stated, including the food had the most important month-to-month increase in over a decade, up 1.4 p.c.
This was primarily because of increased costs 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 stated.
New Zealand’s annual food price increase remains high at 6.4% & More Latest News Update
New Zealand’s annual food price increase remains high at 6.4% & More Live News
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New Zealand’s annual food price increase remains high at 6.4% & More News Today
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