Stats NZ updated the Food Price Index today and the good news is that food prices are only 0.2% higher than a year ago. In fact food prices are only 0.1% greater than two years ago. This stuff matters, as food inflation hits poor to middle income households the most.
Also fruit and vegetables prices are 5.6% lower than a year ago and remarkably 4.3% lower than even three years ago.
Tags: food prices