Food prices in New Zealand in August hit the largest increase since 2009

Xinhua News Agency, Wellington, September 13 (Reporter Guo Lei and Lu Huaiqian) The latest data released by the New Zealand Statistics Bureau on the 13th shows that New Zealand food prices rose 8.3%year -on -year in August, the largest increase since July 2009.

Data show that in August 2022, food prices in all categories of New Zealand rose sharply.Compared with a year ago, the price of fruits and vegetables rose 15%, the price of food grocery rose by 8.7%, and meat rose 7.6%.Among them, the price of cheese, yogurt and eggs of food groceries significantly increased significantly on the overall rise in food prices.

Since October 2021, New Zealand's inflation has become increasingly serious, and the consumer price index has a new high.In order to suppress inflation, the New Zealand Central Bank has raised interest rates 7 consecutive times.New Zealand economists predict that the sharp rise in food prices will continue to create inflation pressure, which will adversely affect the economy.

(Guo Lei and Lu Huaiqian)

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