Grocery food the largest contributor to 12.1 percent annual increase in food prices

Food prices were 12.1 percent higher in March 2023 than they were in March 2022, according to figures released by Stats NZ today. Grocery food was the largest contributor to this movement.

“Increasing prices for barn or cage-raised eggs, potato chips, and 6-pack yoghurt were the largest drivers within grocery food,” consumer prices manager James Mitchell said.

Month endedPercentage change
Jan-894.4
Feb-895.6
Mar-894.1
Apr-894.6
May-895.9
Jun-896.3
Jul-8910.4
Aug-8911.8
Sep-8912.4
Oct-8911.7
Nov-8911.3
Dec-8911.2
Jan-9011.8
Feb-909.9
Mar-9011
Apr-9011.4
May-9010.7
Jun-9010
Jul-906
Aug-904.9
Sep-904.6
Oct-903.3
Nov-903.2
Dec-903.3
Jan-913.9
Feb-913.5
Mar-912.7
Apr-911.3
May-911.2
Jun-910.5
Jul-910.7
Aug-910.4
Sep-91-0.6
Oct-91-1
Nov-91-0.7
Dec-91-0.8
Jan-92-1.3
Feb-92-0.5
Mar-92-0.9
Apr-92-1
May-92-0.8
Jun-92-0.6
Jul-92-0.3
Aug-920.4
Sep-921
Oct-921.9
Nov-921.5
Dec-921.8
Jan-932.9
Feb-933.1
Mar-932.1
Apr-932.3
May-931.3
Jun-930.7
Jul-931
Aug-930.6
Sep-930
Oct-930.1
Nov-930.1
Dec-93-0.3
Jan-94-0.9
Feb-94-0.3
Mar-940.2
Apr-94-0.1
May-94-0.2
Jun-940.4
Jul-94-0.1
Aug-94-0.3
Sep-94-0.5
Oct-940.3
Nov-940.3
Dec-941.8
Jan-951.3
Feb-950.4
Mar-950.9
Apr-951.9
May-953.5
Jun-952.2
Jul-950.8
Aug-950.7
Sep-951
Oct-950.4
Nov-951.8
Dec-950.6
Jan-960.3
Feb-96-0.1
Mar-960.5
Apr-960.5
May-960
Jun-961.1
Jul-962.2
Aug-962.4
Sep-963.1
Oct-963.2
Nov-962.1
Dec-961.7
Jan-972.4
Feb-972.7
Mar-973.6
Apr-973.4
May-971.7
Jun-972
Jul-972.7
Aug-972
Sep-971.3
Oct-971
Nov-970.9
Dec-971.8
Jan-982.1
Feb-982.7
Mar-982.2
Apr-982.7
May-982.6
Jun-982.8
Jul-982.8
Aug-984.2
Sep-984.2
Oct-984.4
Nov-984.3
Dec-983.6
Jan-993.6
Feb-993.9
Mar-992.4
Apr-991.7
May-992.4
Jun-991.4
Jul-991.1
Aug-99-0.6
Sep-99-0.3
Oct-99-1.2
Nov-99-0.3
Dec-99-0.5
Jan-001.1
Feb-00-1.1
Mar-00-0.2
Apr-00-0.7
May-00-0.2
Jun-001.7
Jul-001.4
Aug-002
Sep-002
Oct-002.9
Nov-003.5
Dec-004.8
Jan-014
Feb-015.7
Mar-015.1
Apr-016
May-016.2
Jun-015.7
Jul-015.8
Aug-016.3
Sep-017.8
Oct-017.7
Nov-016.7
Dec-015.8
Jan-025.6
Feb-024.5
Mar-025.5
Apr-025.2
May-024
Jun-023
Jul-023.3
Aug-023
Sep-021.4
Oct-021.7
Nov-021.2
Dec-020.6
Jan-030
Feb-030.6
Mar-03-0.3
Apr-03-0.7
May-030.8
Jun-030.6
Jul-030.7
Aug-030.2
Sep-030
Oct-03-0.3
Nov-030.4
Dec-030.6
Jan-04-0.2
Feb-040.1
Mar-041.5
Apr-041.7
May-040.5
Jun-040.9
Jul-04-0.1
Aug-040.4
Sep-041.3
Oct-041.1
Nov-040.8
Dec-041.2
Jan-051.8
Feb-051.7
Mar-051.1
Apr-050.4
May-051.4
Jun-051.5
Jul-052.1
Aug-052
Sep-050.9
Oct-051.1
Nov-051.5
Dec-052.2
Jan-062.3
Feb-061.1
Mar-061.8
Apr-061.9
May-061.8
Jun-062.9
Jul-063.4
Aug-063.4
Sep-063.9
Oct-064
Nov-063.8
Dec-062.7
Jan-073.4
Feb-074.5
Mar-073.3
Apr-074.3
May-074.1
Jun-073
Jul-073.4
Aug-073.4
Sep-073.4
Oct-073.6
Nov-073.9
Dec-075.4
Jan-084.4
Feb-085.2
Mar-086
Apr-086
May-086.8
Jun-088.2
Jul-087.6
Aug-0810.6
Sep-0810.8
Oct-089.9
Nov-0810.3
Dec-089.1
Jan-099.5
Feb-098.8
Mar-098.6
Apr-097.6
May-096.8
Jun-098.4
Jul-098.4
Aug-094.6
Sep-093.3
Oct-092
Nov-090.9
Dec-090.9
Jan-102.2
Feb-100.7
Mar-100.3
Apr-100.4
May-10-0.5
Jun-10-2
Jul-10-1
Aug-10-0.2
Sep-101.3
Oct-105.1
Nov-104.8
Dec-104.2
Jan-113.8
Feb-115.3
Mar-115.5
Apr-116.1
May-117.4
Jun-117.5
Jul-117.9
Aug-116.6
Sep-114.7
Oct-111.1
Nov-111.9
Dec-112.9
Jan-121
Feb-121.5
Mar-120.2
Apr-120
May-12-0.2
Jun-12-0.2
Jul-12-1.8
Aug-12-0.5
Sep-12-0.3
Oct-120.3
Nov-12-0.6
Dec-12-1
Jan-130.8
Feb-13-0.1
Mar-13-0.4
Apr-13-0.1
May-13-0.1
Jun-130.6
Jul-130.9
Aug-130.3
Sep-131.2
Oct-130.8
Nov-131.4
Dec-131.5
Jan-140.9
Feb-140.2
Mar-141.2
Apr-141.5
May-141.8
Jun-141.2
Jul-14-0.1
Aug-140.7
Sep-14-0.1
Oct-140.9
Nov-140.6
Dec-141
Jan-151.2
Feb-151.5
Mar-151.9
Apr-151
May-150.8
Jun-15-0.1
Jul-151.2
Aug-150.4
Sep-150.7
Oct-15-0.5
Nov-15-0.2
Dec-15-1.3
Jan-16-0.6
Feb-16-0.5
Mar-16-0.1
Apr-160.5
May-16-0.3
Jun-16-0.5
Jul-16-1.3
Aug-160.5
Sep-160.1
Oct-160.6
Nov-160.6
Dec-160.6
Jan-171.4
Feb-172.2
Mar-171.3
Apr-170.2
May-173.1
Jun-173
Jul-173
Aug-172.3
Sep-173
Oct-172.7
Nov-172.3
Dec-172.3
Jan-180.8
Feb-180.1
Mar-181.4
Apr-182.3
May-18-0.1
Jun-180.2
Jul-181.1
Aug-18-0.1
Sep-180.1
Oct-180.6
Nov-180.4
Dec-181
Jan-190.8
Feb-191.7
Mar-191.2
Apr-191
May-191.7
Jun-190.5
Jul-190.9
Aug-192.1
Sep-192.2
Oct-192.5
Nov-192.4
Dec-192.4
Jan-203.5
Feb-203.1
Mar-203.3
Apr-204.4
May-202.9
Jun-204.1
Jul-204.2
Aug-204.2
Sep-203.1
Oct-202.7
Nov-202.6
Dec-202.9
Jan-212.1
Feb-211.2
Mar-210.5
Apr-210.7
May-211.8
Jun-212.8
Jul-212.8
Aug-212.4
Sep-214
Oct-213.7
Nov-214
Dec-214.5
Jan-225.9
Feb-226.8
Mar-227.6
Apr-226.4
May-226.8
Jun-226.6
Jul-227.4
Aug-228.3
Sep-228.3
Oct-2210.1
Nov-2210.7
Dec-2211.3
Jan-2310.3
Feb-2312
Mar-2312.1

In March 2023, the annual increase was due to rises across all the broad food categories Stats NZ measures. Compared with March 2022:

  • grocery food prices increased by 14 percent
  • fruit and vegetables prices increased by 22 percent
  • restaurant meals and ready-to-eat food prices increased by 8.7 percent
  • meat, poultry and fish prices increased by 7.8 percent
  • non-alcoholic beverage prices increased by 8.2 percent.

The second-largest contributor to the annual movement was fruit and vegetables. The increase was driven by tomatoes, potatoes, and avocados.

Monthly change

Monthly food prices rose 0.8 percent in March 2023 compared with February 2023. After adjusting for seasonal effects, they were up 0.5 percent.

Month endedActual
Mar-200.7
Apr-201
May-20-0.8
Jun-200.5
Jul-201.2
Aug-200.7
Sep-20-1
Oct-20-0.7
Nov-20-0.9
Dec-200.1
Jan-211.3
Feb-21-0.9
Mar-210
Apr-211.1
May-210.4
Jun-211.4
Jul-211.3
Aug-210.3
Sep-210.5
Oct-21-0.9
Nov-21-0.6
Dec-210.6
Jan-222.7
Feb-22-0.1
Mar-220.7
Apr-220.1
May-220.7
Jun-221.2
Jul-222.1
Aug-221.1
Sep-220.4
Oct-220.8
Nov-220
Dec-221.1
Jan-231.7
Feb-231.5
Mar-230.8
Month endedSeasonally adjusted
Mar-200.3
Apr-201.1
May-20-0.8
Jun-200.2
Jul-200.4
Aug-200.6
Sep-20-0.6
Oct-200.1
Nov-200.1
Dec-200.3
Jan-210
Feb-21-0.5
Mar-21-0.4
Apr-211.3
May-210.4
Jun-211.1
Jul-210.3
Aug-210.2
Sep-211
Oct-21-0.2
Nov-210.5
Dec-210.6
Jan-221.3
Feb-220.4
Mar-220.4
Apr-220.4
May-220.7
Jun-220.9
Jul-221
Aug-220.9
Sep-221
Oct-221.5
Nov-221.1
Dec-221.1
Jan-230.3
Feb-232.1
Mar-230.5

The 2.3 percent increase in grocery food was the largest contributor to the monthly movement. Within this group, the items having the greatest impact were barn or cage-raised eggs, 6-pack yoghurt, and boxed chocolates.

These price rises were partly offset by a 1.0 percent fall in meat, poultry, and fish.

/Stats NZ Public Release. View in full here.