25 Aug 2011

Food price inflation continues to climb

3:55 pm on 25 August 2011

The annual rate of food price inflation is at its highest level in two years.

Statistics New Zealand says food price inflation is 7.9%, the highest annual change since July 2009.

A rise of 14% in vegetable prices accounted for more than half of the increase for the month of July.

Meat, poultry and fish were up 3.7%.

Food prices are now well ahead of the general rate of inflation, which was 5.3% at the end of June.