Food prices were up 6.8 per cent year-on-year in June 2023, according to the latest Department of Statistics consumer price index figures, with consumers paying 2.7 per cent more overall since the same time in 2022.

The inflation rate was down from its recent peak of 5.1 per cent in September 2022.

Food, which has dominated recent CPI figures, was the largest contributor, with pasta topping the annual increase at just under 60 per cent; cooking oil rising 37.7 per cent, and sugar up by 33.3 per cent.

Food bought in restaurants was up 3.4 per cent, the figures showed.

Prices of some food items declined, with dried prunes down 18.6 per cent, spare ribs declining 9.7 per cent and raisins decreasing 7.6 per cent

The CPI figures showed rents rising by 1.8 per cent.

Health and personal care sector product prices were up 2.4 per cent, with prescription medicines rising 6.6 per cent.

Prices of over-the-counter medicines and household medical supplies rose 5 per cent, with a 2.1 per cent increase in toiletries, cosmetics and perfumes.

Year-on-year, the education, recreation, entertainment and reading prices climbed 3.4 per cent, with sporting equipment prices up 9.7 per cent and pet care prices increasing 6.6 per cent.

Month-on-month, food prices increased 0.6 per cent, but restaurant purchases surged 2.6 per cent.

The biggest drop for the month was the price of eggs, which fell by 10.8 per cent.

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June 2023 CPI Report.pdf

• To read the CPI statement in full, see Related Media