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NZ food prices hit 13 year high

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Food prices in New Zealand are at a 13-year high with economists and supermarket boss blaming war, wages and weather.

Latest data from StatsNZ data showed food prices have risen by 8.3 percent in the year to September.

Fruit and vegetable prices were up 16 percent year on year. The reason for the rising costs has been put on increasing labour costs, a weak NZ dollar, and also increase food supply chain costs.

Foodstuffs North Island, which runs New World, Pak’n’Save and Four Square supermarkets, said that they were struggling to keep food prices down.

It is hoped that when shipping costs drop and there is a change in New Zealand’s financial position, there would be a drop in prices.

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