New Zealand fruit and vegetable prices up 18% in a year

Published 2022년 4월 14일

Tridge summary

New Zealand has seen its food prices surge by 7.6% over the past year, marking the highest annual increase in over a decade, with the most significant rise since 2011 when a GST increase was implemented. This increase is attributed to a combination of global factors such as the Omicron variant, supply chain disruptions, and Russia's invasion of Ukraine, alongside local issues like a lack of competition at the checkout. The price of vegetables like tomatoes, broccoli, iceberg lettuce, and cabbage has notably increased, with cabbage prices rising by 28% in March. The government and opposition have criticized supermarket chains Foodstuffs and Woolworths for profiting from these high food prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Stats NZ, food prices in New Zealand have risen 7.6% in the last year - the highest annual increase in over a decade. The 7.6% increase in food prices between March 2021 and March 2022 was the largest increase since 2011, when prices rose 7.9% on the previous year, influenced by a GST increase from 12.5% to 15% in October 2010. "Average prices for vegetables like tomatoes, broccoli, iceberg lettuce, and cabbage were notably higher than they were in March 2020 and 2021,” consumer prices manager Katrina Dewbery said. Fruit and vegetable prices also rose 1.2% in March from February, influenced by higher prices for cabbage, tomatoes, strawberries, and kumara. “The average price of cabbage increased 28% in March, from $3.92 to $5.03 per kilogram,” Dewbery said. Commerce and Consumer Affairs Minister David Clark took aim at Foodstuffs and Woolworths for the sharp increase in prices, saying they were making ...

Source: Hortidaily