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26 Nov 2024 4:24
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      Home > News > Business

    Food price inflation has eased off, dramatically

    Food price inflation has eased off, dramatically


    Latest figures from Infometrics show Foodstuffs grocery supplier costs, increased 4.5 percent last year.

    That compares to a 10-percent rise the year before.

    Principal Economist Brad Olsen says fuel prices decreasing has been welcome news.

    He says they're expecting inflation to stay more under control this year.

    © 2024 Newstalk ZB, NZCity

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     25 Nov: The Reserve Bank's expected to opt for a middle-ground 50-basis point cut to the Official Cash Rate on Wednesday
     24 Nov: From a US$300 billion climate finance deal to global carbon trading, here’s what was – and wasn’t – achieved at the COP29 climate talks
     24 Nov: Warnings of missed opportunities ahead of next year's Companies Act reforms
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     Today's News

    		 International:
    Philippine President Ferdinand Marcos vows to fight back after vice-president makes public assassination threat 22:47

     Cricket:
    Black Caps all-rounder Rachin Ravindra won't be losing sleep over his franchise T20 future, after being picked up in the Indian Premier League's player auction 21:57

     Entertainment:
    Alec Baldwin never planned to have seven children with his wife Hilaria but now he wishes he "didn't have to work and could stay home" with them all 21:41

     Politics:
    Internet mogul, Kim DotCom has had a serious stroke 21:17

     Entertainment:
    Jason Kelce is set to host a new late-night talk show 21:11

     Entertainment:
    Matthew Byars has died at the age of 37 20:41

     Entertainment:
    Cher feared she would die from a hangover 20:11

     National:
    Many of Israel’s Western supporters indicate they would arrest Netanyahu. Will Australia and NZ follow suit? 20:07

     Entertainment:
    Miley Cyrus says working with ex-husband Liam Hemsworth made it feel natural to work with her new boyfriend Maxx Morando 19:41

     Entertainment:
    Daisy Ridley has no recollection of coming to the aid of a van driver when their vehicle "flipped" in front of her 19:11

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