Food Prices skyrocketing

Saturday, April 26th, 2008 at 9:41 am

The Weekend Herald finds supermarket food prices for an “average” trolley have gone up 29% in the last year.

Now this is more than the official food price index, which is weighted to what people actually buy, but both the official and the unofficial surveys show that food inflation is strong and growing.

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Food prices

Wednesday, April 16th, 2008 at 11:44 am

 dompostfood.JPG

The Dom Post shows how much more effective a picture can be to highlight a problem.

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Inflation high and rising

Monday, April 14th, 2008 at 10:43 am

The Dominion Post reports that economists are forecasting inflation to be close to 4% for the year to March, with the official figures out on Tuesday.

The target is 2% (it should be 1%) with the allowable range being 1%  to 3%. Bottom line is no drop in interest rates for a while.

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