Food prices rise at fastest rate in over a year

Food prices rise at fastest rate in over a year

Butter is among the biggest risers in price according to latest increases. PHOTO: GETTY IMAGES Food prices have risen at their fastest pace in more than a year driven by more expensive dairy products, and hinting that inflation pressures are gathering pace.

Food prices rise at fastest rate in more than a year

The price of butter increased 65 percent, cheese was up 24 percent, and milk 15 percent.

Why rising dairy prices are a double-edged sword

While higher international prices give farmers more money, it has meant higher retail costs for Kiwi consumers.

Global supply constraints continue to drive NZ’s food price inflation rate - FMCG Business

•        Stats NZ records 3.7% annual food price inflation (FPI) in April 2025 •        Foodstuffs co-ops see their retail prices rise 2.4% YOY for comparable FPI basket of products •        April’s FPI rate driven by global prices for dairy, beef and cocoa products •        Survey finds 54% of shoppers understand higher supplier costs affect food prices Latest statistics show global supply constraints for some popular commodities are still play…

Coffee and tea, cocoa, and spices in particular have increased in wholesale prices over the past year – by 32 percent. Sugar, sweets, and baked goods have increased by 16 percent. Solid fuels have become cheaper.

Surge in food prices drives annual increase up to 3.7%

Statistics NZ's Selected Price Indexes show as well as a surge in food prices in April, airfares shot up during the school holiday-Easter period