New Zealand sees largest annual increase in food prices in 32 years

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New Zealand sees largest annual increase in food prices in 32 years

STORY: New Zealand sees largest annual increase in food prices in 32 years DATELINE: Jan. 20, 2023 LENGTH: 0:01:05 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1 various of street views of Wellington 2 various of supermarkets 3 various of street views of Wellington STORYLINE: New Zealand's food prices were 11.3 percent higher in December 2022 than they were in December 2021, which was the biggest annual increase in 32 years, the statistics department Stats NZ said on Thursday. It has been the biggest annual increase since April 1990, when food prices increased by 11.4 percent, Stats NZ said. In December 2022, the annual increase was due to rises across all the broad food categories measured, with fruit and vegetable prices increasing by 23 percent, compared with December 2021. Grocery food was the largest contributor to this movement. Monthly food prices rose 1.1 percent in December 2022 compared with November 2022. Xinhua News Agency correspondents reporting from Wellington. (XHTV)

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