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Food prices drop for October - but still up annually

Author
Newstalk ZB,
Publish Date
Thu, 14 Nov 2024, 8:06pm
The cost of many groceries has risen significantly since 2022. Photo / 123RF
The cost of many groceries has risen significantly since 2022. Photo / 123RF

Food prices drop for October - but still up annually

Author
Newstalk ZB,
Publish Date
Thu, 14 Nov 2024, 8:06pm

Monthly food prices fell 0.9 percent in October compared with September, according to figures released by Stats NZ today.

The largest contributor to the fall was vegetables, down 7.2 percent. But a rise in fruit prices, up 0.6 percent, partly offsets that.

NZ Herald business editor at large Liam Dann explains what this means for the state of the economy - and inflation.

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