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Do decreased food prices signal a victory over inflation?

Author
Newstalk ZB,
Publish Date
Thu, 11 Jul 2024, 8:12pm
Photo / Getty Images
Photo / Getty Images

Do decreased food prices signal a victory over inflation?

Author
Newstalk ZB,
Publish Date
Thu, 11 Jul 2024, 8:12pm

Economists say falling food prices are a certain sign inflation's going down - but we may have to wait to get the full picture. 

Annual food prices have decreased for the first time in six years - sliding 0.3 percent in the year ending June.

Despite this, NZ Herald business editor at large Liam Dann says more data in other industries is needed to confirm if inflation is reducing.

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