Food prices declined in May 2020

  • Jun 15, 2020 NZST
  • Team Kalkine
Food prices declined in May 2020

As per Stats NZ's latest report, the food prices dropped by 0.8 per cent in May 2020, and it is the most significant reduction since December 2017. The price drop was due to lower prices for grocery, which was down by 1.1 per cent and the price drop of 2% for meat, fish, and poultry dropped by. Also, the cost of non-alcoholic beverages was down by 2.4 per cent.

The price rise of fruits and vegetables could offset the overall food price fall to some extent. When winter approaches, fruits and vegetables often become costly, this time it was up by 1.7 per cent.


The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK