Food prices increased 2.1 percent in the 12 months to February 2024, the smallest increase since May 2021, according to
figures released by Stats NZ said today.
The 2.1 percent increase is noticeably lower when compared with the 12.0 percent increase in the 12 months to February
2023.
The lower annual increase was due to cheaper fruit and vegetable prices, down 9.3 percent in the 12 months to February
2024.
“Cheaper prices for fresh produce such as tomatoes, broccoli, and lettuce drove the decrease in fruit and vegetable
prices,” consumer prices manager Will Bell said.
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