Food price inflation is starting to stabilise. 

Latest figures from Stats NZ show the food price inflation is 5% – unchanged on a month ago. 

Butter prices have risen 32% in a year, cheese is up 26%, while milk has increased by 16%. 

Infometrics Principal Economist Brad Olsen told Ryan Bridge that while households are still seeing high costs, the pressure is coming through in a more contained fashion. 

He says that when inflation was running rampant a few years ago, just about everything was impacted, but now it’s not.  

LISTEN ABOVE 

Food price inflation is starting to stabilise.&nbsp;
Latest figures from Stats NZ show the food price inflation is 5% – unchanged on a month ago.&nbsp;
Butter prices have risen 32% in a year, cheese is up 26%, while milk has increased by 16%.&nbsp;
Infometrics Principal Economist Brad Olsen told Ryan Bridge that while households are still seeing high costs, the pressure is coming through in a more contained fashion.&nbsp;
He says that when inflation was running rampant a few years ago, just about everything was impacted, but now it’s not. &nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Brad Olsen: Infometrics Principal Economist on food prices rising 5% in the year to August

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1100d576-6572-439a-97ea-b35a017d64cb/transcript