Survey:

40 percent of New Zealanders are now spending more than $200 a week on food

Four in out of every ten New Zealanders say they spend more than $200 a week on food, an increase of 35 per cent on last year. A KANTAR survey of 1509 people in early April, commissioned by agri-banking specialist Rabobank and food rescue charity KiwiHarvest, found households are spending significantly more on food than they were a year ago.

Rabobank's head of sustainable business development Blake Holgate isn’t surprised: "With food prices rising strongly over recent months, it's no surprise to see household food spend has increased markedly from a year ago. At the top end, the number of Kiwi households saying they spend more than $300 per week jumped to 15 per cent from 12 per cent last year, while at the other end of the spectrum, the percentage of households spending less than $100 per week has dropped to just 11 per cent from 14 per cent previously."

Holgate said with inflation impacting prices for most goods and services, he wasn't expecting the squeeze at the checkout to ease this year.

Source: nzherald.co.nz

 

Photo source: Dreamstime.com


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