New Zealand food prices hit by global conflict — but will it continue?
More than 6,900 products in New Zealand increased in cost from May to June, according to Infometrics. Analysts say the rise is linked to supply-chain pressure stemming from global conflicts.
More than 6,900 products in New Zealand increased in price from May to June, according to data from Infometrics. The analysis points to the rise being largely driven by supply-chain pressure stemming from global conflicts.
Analysts say rising energy and freight costs are feeding directly into food prices, with the increase particularly pronounced for imported goods.
Experts caution that it is not certain the price rises will continue, but note that pressure could persist if regional conflicts fail to ease. Consumers and retailers are closely watching developments in the months ahead.
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