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New Zealand's annual food prices up 12.5 pct, hitting 36-year high

STORY: New Zealand's annual food prices up 12.5 pct, hitting 36-year high DATELINE: May 11, 2023 LENGTH: 00:01:16 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Wellington 2. various of supermarkets STORYLINE: New Zealand's food prices in April 2023 were 12.5 percent higher than they were in April 2022, hitting a 36-year high, according to figures released by the statistics department Stats NZ on Thursday. "The 12.5 percent increase in April 2023 was the largest since September 1987 which included the introduction of GST (goods and services tax) in 1986," Stats NZ consumer prices manager James Mitchell said. The increase was due to rises across all the broad food categories Stats NZ measures. Compared with April 2022, grocery food prices increased by 14 percent, and fruit and vegetable prices increased by 22.5 percent. Increasing prices for barn or cage-raised eggs, potato chips, and six-pack yogurt were the largest drivers within grocery food," Mitchell said, adding thes

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