Households are still finding it tough to pay for the basics - with high prices not easing yet
Households are still finding it tough to pay for the basics - with high prices not easing yet
17 July 2025
Stats NZ's revealed the cost of food rose 4.6-percent - in the 12 months to June.
It's largely driven by double-digit increases for products like red meat, cheese and milk
Infometrics Principal Economist Brad Olsen says the general economy is still experiencing intense price pressure and weakness - which isn't comforting.
He says mince is now hitting nearly 22 dollars a kilo - so you can't even have a cheap mince meal.
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