NZ data - August food prices +0.7% m/m (vs. prior +1.1%)

Author: Eamonn Sheridan | Category: News

For the y/y, up 2.1%

Via Stats NZ:
  • Bacon was up 11 percent in August to a new record price of $12.96 for 700 grams (weighted average price). 
  • "We import a lot of our bacon, so prices are very dependent on the global market," Mrs Johnson said."There is currently a worldwide shortage of pork, following the outbreak of African swine fever, and this is impacting our prices."

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