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Food Prices Increase 1.2 Percent Annually
Food prices increased 1.2 percent in the 12 months to September 2024, following a 0.4 percent increase in the 12 months to August 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 3.5 percent and 2.7 percent, respectively.
The price increase in restaurant meals and ready-to-eat food was due to higher prices for lunch/brunch, takeaway coffees, and hamburgers.
The price increase in grocery food was due to higher prices for olive oil, butter, and chocolate biscuits.
“The price for a 1-litre bottle of olive oil has increased by about 58 percent since this time last year, with an average price of $21.56,” consumer prices manager Nicola Growden said.
Visit our website to read this news story and information release and to download CSV files:
- https://www.stats.govt.nz/news/food-prices-increase-1-2-percent-annually/
- https://www.stats.govt.nz/information-releases/selected-price-indexes-september-2024/
- https://www.stats.govt.nz/large-datasets/csv-files-for-download/
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