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Food Prices Increase 0.4 Percent Annually
Food prices in New Zealand increased 0.4 percent in the 12 months to August 2024, following a 0.6 percent increase in the 12 months to July 2024, according to figures released by Stats NZ today.
Higher prices for restaurant meals and ready-to-eat food and grocery food drove the annual increase in food prices, up 3.6 percent and 2.4 percent, respectively.
The price increase in restaurant meals and ready-to-eat food was due to higher prices for lunch/brunch, hamburgers, and takeaway coffees.
The price increase in grocery food was due to higher prices for olive oil, chocolate blocks, and butter.
- Food prices increase 0.4 percent annually : https://www.stats.govt.nz/news/food-prices-increase-0-4-percent-annually/
- Selected price indexes: August 2024 : https://www.stats.govt.nz/information-releases/selected-price-indexes-august-2024/
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