Tom RaynelMultimedia Business Reporter·NZ Herald·15 Jun, 2026 11:38 PM3 mins to read‌Higher global dairy prices were a key contributor to rising food prices in May. Photo / 123rfHigher global dairy prices were a key contributor to rising food prices in May. Photo / 123rfHigher prices for dairy products like milk and cheese have driven food prices higher in May, as petrol and diesel prices started a downward trend from their late March spike.Food prices rose 1.0% between April and May 2026, and remain 3.2% higher on an annual basis.

The grocery food