February 07, 2023
Food prices were 10.7 percent higher in November 2022 compared with November 2021, according to Stats New Zealand.
Kiwis are seeing price increases across all food categories - grocery food prices increased by 10 per cent, fruit and vegetables increased by a whopping 20 per cent and meat, poultry and fish prices increased by 12 per cent.
Restaurant meals and ready-to-eat food prices increased by eight per cent.
It’s the highest annual food price increase recorded since September 2008, and it comes at the same time that we are facing higher interest rates and increases in other household expenses.
Combined with the extra costs of Christmas and the summer holiday period, it’s no wonder our bank accounts are looking decidedly unhealthy.
But the good news is that food is one area where you can save some money by making a few small changes. Here are our tips for spending less at the supermarket:
By focusing on reducing your food bill, you can lessen the financial stress for your family.