What we buy to eat might change, but the proportion of income that New Zealanders spend on food does not, new data shows. “Spending on food at just over 17 per cent of incomes is likely to stay now there is little competition in the grocery market,” Kiernan ​said. “Given rising housing costs, the percentage of income spent on food might have slightly decreased for most households." A factor that could be helping to keep food bills in check is a drop in meat eating. Higher prices likely caused the fall in domestic red meat consumption, he said.

Source: Stuff August 10, 2021 16:52 UTC