{"id":69481,"date":"2025-08-15T05:38:07","date_gmt":"2025-08-15T05:38:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/69481\/"},"modified":"2025-08-15T05:38:07","modified_gmt":"2025-08-15T05:38:07","slug":"food-prices-lift-5-in-july-year-stats-nz-data-shows","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/69481\/","title":{"rendered":"Food prices lift 5% in July year, Stats NZ data shows"},"content":{"rendered":"

The average prices for milk, butter, and cheese reflect the cheapest available option for each, according to Stats NZ.<\/p>\n

\u201cThe price for 2 litres of milk has increased 33.9% since July 2020.<\/p>\n

\u201cIn the 12 months to July 2025, milk prices contributed more to the increase in overall food prices than any other food item.\u201d<\/p>\n

Dairy prices have been in the spotlight for several months, with the latest Global Dairy Trade auction, which decides global prices, increasing 0.7% on August 6<\/a>.<\/p>\n

Prices for the meat, poultry, and fish group were up 7.9% annually (up 1.4% monthly). The category was the next largest contributor to the annual increase in food prices, and was driven by higher prices for beef steak and beef mince, up 24.6% and 19.3%, respectively.<\/p>\n

Growden said that the average price for one kilogram of beef mince costs $21.97 in July 2025, about $3.50 more compared to last year.<\/p>\n

As for the other food categories, fruit and vegetable prices are up 7.3% annually (up 4.3% monthly), restaurant meals and ready-to-eat food are up 2.2% annually (up 0.1% monthly), and non-alcoholic beverages are up 4.4% annually (down 0.6% monthly).<\/p>\n

In the non-food categories, rent prices increased 2.4% in the 12 months to July 2025, following a 2.6% increase in the 12 months to June 2025.<\/p>\n

Growden said prices are still increasing, but at the slowest rate since 2011.<\/p>\n

Cigarettes and tobacco prices are up 4.8% annually, while alcoholic beverages are up 0.9% annually.<\/p>\n

In transport, petrol prices are down 3.7% compared to this time last year, with diesel prices down 7.2% annually.<\/p>\n

Domestic air transport costs are down 5% on an annual basis, however international air transport costs are up 7.1% annually.<\/p>\n

Prices soaring<\/p>\n

The Labour Party has criticised the Coalition Government following Stats NZ\u2019s announcement, with its financial and economy spokesperson Barbara Edmonds saying that the cost of living keeps getting worse under National.<\/p>\n

\u201cChristopher Luxon promised to make the cost of living better, instead he\u2019s making it worse,\u201d Edmonds said.<\/p>\n

\u201cFood prices are up 5% under National. Everyday necessities like milk and butter are up 16% and 42% respectively. Fruit and vegetables are up more than 7%, with lettuce and cabbage up 38% and 61% respectively. Beef is up nearly 25%.<\/p>\n

\u201cNational has found a way to help property speculators and tobacco companies, but is failing to bring down costs for everyday New Zealanders.\u201d<\/p>\n

Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.<\/p>\n","protected":false},"excerpt":{"rendered":"The average prices for milk, butter, and cheese reflect the cheapest available option for each, according to Stats…\n","protected":false},"author":2,"featured_media":69482,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[4891,54956,26455,25235,9490,64,63,99,2458,164,54957,1295,4717,54955,25356,19433,54954,9051,1697,9074,54958,19306,440,37284,24080,1547],"class_list":["post-69481","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-4891","tag-54956","tag-26455","tag-according","tag-after","tag-au","tag-australia","tag-business","tag-data","tag-economy","tag-figures","tag-food","tag-in","tag-increased","tag-july","tag-june","tag-lift","tag-months","tag-nz","tag-prices","tag-released","tag-rise","tag-shows","tag-stats","tag-today","tag-year"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/69481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=69481"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/69481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/69482"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=69481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=69481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=69481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}