The cash crunch at the checkout is getting even worse, with food price inflation soaring to its highest level in more than 35 years. The 12.5% food price inflation we've just experienced in the year to April is the highest level in this country since September 1987. Compared with April 2022:grocery food prices increased by 14.0%fruit and vegetables prices increased by 22.5%restaurant meals and ready-to-eat food prices increased by 9.0%meat, poultry, and fish prices increased by 9.5%non-alcoholic beverage prices increased by 8.0%. "It is our hope that annual food price inflation has peaked (or is close to it) given lower global food commodity prices. Restaurant meals and ready-to-eat food increased by 1.7% and was the largest contributor to the monthly food price increase.

Source: Stuff May 11, 2023 02:18 UTC