New Zealand's food prices increase 7.4 pct on year in July: statistics

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New Zealand's food prices increase 7.4 pct on year in July: statistics

STORY: New Zealand's food prices increase 7.4 pct on year in July: statistics DATELINE: Aug. 12, 2022 LENGTH: 0:01:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1 various of views in Wellington 2 various of markets STORYLINE: Food prices were 7.4 percent higher in July 2022 compared with July 2021, New Zealand's statistics department Stats NZ said on Friday. In July 2022, the annual increase was due to rises across all the broad food categories measured, Stats NZ said. Compared with July 2021, grocery food prices increased by 7.5 percent; fruit and vegetable prices increased by 10 percent; and meat, poultry, and fish prices increased by 7.7 percent, statistics show. Due to the "cost-of-living crisis" reported by local media, more Kiwis are considering moving overseas. Xinhua News Agency correspondents reporting from Wellington. (XHTV)

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