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In NZ food princes only increased 1.4% annually in the last term of the Key/English Government. Australia and US were slightly lower and UK and Canada quite a bit higher.
In Labour’s first term they increased 1.8%, which was higher than the UK and lower than Australia (just), US and Canada.
Labour’s second term saw annual food price increases of 7.3%. This was ,much higher than Australia, and quite bit more than Canada and US. UK was even higher.
In the 10 quarters since 2023, annual food price inflation has averaged 3%, marginally higher than the US at 2.9%, but below US, Australia and Canada.
This to me doesn’t suggest there is a specific problem in NZ with food prices.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders
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But it does suggest that there's perhaps a problem with Labour.
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