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Story summary
- Beef prices in New Zealand surged 21.5% annually, with porterhouse/sirloin at $44.71 per kilogram and beef mince at $24.46 per kilogram.
- Grocery food prices rose 2.9% annually, fruit and vegetable prices rose 9.4% annually, and petrol and diesel prices declined 6.0% and 6.2% annually.
- Rent prices fell monthly.
- Statistics New Zealand (Stats NZ) corrected its January food price data, revising the monthly increase from 2.5% to 2.1% due to a data error.
