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Food Prices 7.4% Higher in July 2022, Compared To July 2021

Eastern Bay shoppers continue to feel the pinch at the supermarket.

Stats NZ announced last week, food prices were 7.4% higher in July 2022 compared with July 2021.

In July 2022, the increases were due to rises across a broad range of categories:

  • grocery food prices increased by 7.5%.

  • restaurant meals and ready-to-eat food prices increased by 6.6%.

  • fruit and vegetable prices increased by 10%.

  • meat, poultry, and fish prices increased by 7.7%.

  • non-alcoholic beverage prices increased by 4.6%.

Consumer Prices Manager Fiona Smillie said, “Increasing prices for cheddar cheese, standard two-litre milk, and yoghurt were the largest contributors within grocery food."

Restaurant meals and ready-to-eat food proved to be the second largest contributor to the movement. This was most influenced by eat-in lunch/brunch meals and ethnic takeaway meals (not including Chinese takeaways).

Stats NZ noted the 10% increase in fruit and vegetable prices were a key driver to the monthly movement. After adjusting for seasonal effects, fruit and vegetables were up 3.1%. This indicates that whilst seasonal impacts drove most of the movement, after removing these impacts fruit and vegetables still increased by 3.1%.

“Vegetables had the largest impact on this increase, influenced by higher prices for tomatoes, lettuce, and broccoli.” Smillie said.


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