11 Dec 2008

Food prices up more than 10% over year

5:30 pm on 11 December 2008

The price of food has risen again, increasing 0.8% in November. The weekly shop now costs New Zealanders 10% more than it did this time last year.

Statistics New Zealand figures show groceries rose 1% in November compared to the month before, driven by strong increases in the price of yoghurt and bread.

The increase offset the fall in fruits and vegetables, which were down 0.3%, with drops in the prices of tomatoes, lettuces and broccoli.

Meat, poultry and fish prices rose 0.3%, while restaurant meals and ready-to-eat food rose 0.6%

In the year to the end of November overall food prices were up 10.3%, with groceries, fruits and vegetables, and meat, poultry and fish all recording rises.