Lower food prices due to bumper crops can be seen in data showing sharp declines in the prices of many veggies in January, but freight disruptions are continuing due to geopolitical events. Stats NZ has today reported a 4.0%pa increase in the .
Shoppers paid less at the checkout for cheese, butter and ice cream at Foodstuffs stores in December, and many veggies were down over 30%. But there’s now growing potential for inflationary headwinds due to tensions in the Middle East. .
Salad greens like lettuce and cabbage saw some of the biggest year-on-year price falls in November, while butter and lamb were also considerably better value in the build-up to Christmas. That’s according to data from Foodstuffs NZ released today .