Recession tipped to linger, while inflation fighting pays off
Food prices rose at the lowest level in more than five years in year ended May, according to Stats NZ.
Food prices rose at the lowest level in more than five years.
Inflation continues to ease, with food prices rising at the lowest level in more than five years.
Stats NZ data out today showed food prices rose 0.2% in the year ended May, marking the smallest increase since September 2018.
That was driven by cheaper fruit, vegetables, meat, poultry, and fish,
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