Food prices are still rising, while house prices continue to fall.

The latest Food Price Index data has shown a 10.3 percent increase compared to this time last year, up by 1.7 percent on last month.

QV figures show home values reduced nationally an average 1.1 percent last month.

ANZ chief economist Sharon Zollner says food hasn't gone up as much as expected, but the recent problems surrounding food production may change that.

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