15 Jul 2008

Food prices up 8.2%

12:02 pm on 15 July 2008

Food prices in New Zealand are at their highest level in 18 years.

Statistics New Zealand says the average cost of food rose by 8.2% over the last year.

The last time food prices rose as quickly in one year was 1990.

The biggest jumps are at the supermarkets, with grocery foods up 12.1% - much of that linked to increases in the cost of butter, cheese and milk.

Fruit and vegetables have risen almost as steeply, up 8.7%.

Restaurant meals and takeaways have gone up 5.5%.

Meat, poultry and fish have increased by 4.4%.

In the last month alone, the average cost of food went up by 1.3% - mainly because of the higher price of fruit and vegetables in winter.