11 May 2023

Food price inflation at its highest level in 36 years

From Midday Report, 12:15 pm on 11 May 2023

Food price inflation is at its highest level in 36 years.

Stats NZ's food price index rose 12.5 percent in the year ended April - the highest annual rate since late 1987.

The main drivers were a 14 percent rise in grocery prices, and more than 22 percent for fruit and vegetables prices.

Infometrics principal economist Brad Olsen spoke to Max Towle.