Food prices increased 3.0 percent in the year to September 2017, Stats NZ said today. This followed a 2.3 percent increase in the year to August 2017.
"Prices for dairy products including butter, fresh milk, cheese, and yoghurt were all higher in the year to September," consumers price index manager Matthew Haigh said. "For every $100 spent on food, Kiwis spent about $10 on these dairy items."
Butter prices have continued to increase through the month of September to their highest level. The price of the cheapest available 500g block of butter was $5.55 in September 2017, up from $3.48 in September 2016. To See the full media release click here