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Cost of Alcohol and Tobacco Rises in New Zealand, While Food Sees a Dip in October

Cost of Alcohol and Tobacco Rises in New Zealand, While Food Sees a Dip in October

According to recent data from Stats NZ, the cost of alcohol and tobacco in New Zealand has increased, with tobacco prices rising by 2.7% and alcohol

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According to recent data from Stats NZ, the cost of alcohol and tobacco in New Zealand has increased, with tobacco prices rising by 2.7% and alcohol by 0.3% in October. The rise in the alcoholic beverages and tobacco group was attributed to increases in cigarette and tobacco prices, usually observed at the beginning of the year when excise taxes are adjusted. Food prices, on the other hand, experienced a 6.3% jump compared to the previous year but were 0.9% cheaper in October than in September. The increase in food prices was influenced by rises in grocery food, restaurant meals, and ready-to-eat food. Meanwhile, petrol prices fell by 1.1% in October, but diesel prices increased by 1.6%.

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