NZ: Food prices are up, but the cost to grow it has skyrocketed - News Summed Up

NZ: Food prices are up, but the cost to grow it has skyrocketed


Food prices were 7.6% higher in March 2022 compared to March 2021, Stats NZ says, but farmers say this does not reflect the price they are paying to grow what Kiwis are eating. Between March 2021 and March, 2022 grocery food prices increased 6.7% and monthly food prices rose 0.7% in March 2022 compared with February 2022, Stats NZ said last week. It was reported earlier that Waikato potato and onion grower Chris Nicholson, director at Hinemoa Quality Producers, said his fuel bill had increased by about a third compared to this time last year. Data from the Ministry of Business, Innovation, and Employment showed significant increases in commercial diesel costs. There was some relief as the government was allowing more workers to enter New Zealand.


Source: Stuff April 20, 2022 12:52 UTC



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