Butter Prices Surge 120% over a Decade

Eye-watering new food price stats just revealed: Price of butter up nearly 50% in a year

The increase was largely driven by increases to general grocery and meat prices, Stats NZ said.

Butter prices surge 120% over a decade

Photo: Getty Images By Susan Edmunds of RNZ  The price of a block of butter is now 120% higher than it was 10 years ago, and increases in dairy prices in general helped pull up food prices in June, according to Stats NZ.

Beef and butter prices see food inflation soar to highest level in nearly a year

Farmers struggle with high costs amid tax rises and extreme weather

Soaring beef and butter prices drive food inflation in June

Food inflation has risen to its highest level in nearly a year as farmers struggle with high costs amid tax rises and extreme weather. Overall inflation was ahead of expectations in June at 3.6 per cent, but food and drink inflation continued to outpace the rest of the economy at 4.5 per cent. This was the third consecutive increase in the rate. It is the highest recorded since February 2024. Butter, chocolate and red meat have seen the highest …