While the price of almost everything on the grocery bill is going up - the price of lamb continues to go down.
Once the backbone of the economy, sheep used to outnumber people 22:1 in New Zealand.
But Federated Farmers chairman Toby Williams told Seven Sharp currently, lamb prices are dropping, and the input costs are rising.
"It's about as bad as the Rogernomics days," he said.
"No one even thought three months ago our prices were going to fall to the level that they currently are at, and will keep going until the new year."
Williams said the biggest reason for the price drop in lamb is the oversupply of sheep meat coming out of Australia, creating a "flooded world market".
"[It's] made a really challenging environment for us to sell our products – right at our peak time as well."
Williams says it isn't all bad, however.
The price of wool is beginning to rise as customers here and overseas start to embrace "more natural products".
"We've been talking about 'lets get rid of synthetics, nylon and petrol chemicals from our environment'. Well, wool is a fantastic alternative for that," he said.
"We're starting to see a resurgence in it, and long may it continue."
Williams added sheep farmers have been feeling "isolated" during this troubling time, and encouraged people to "stay together" and "make sure no one is doing it by themselves".
"It will rebound. This is an anomaly that we're going through at the moment, and El Niño is sort of effecting Australia at the moment before it is affecting us."
When asked how long the price drop will last, Williams said it "could be" 18 months to two years away, but hoped it wouldn't be that long.
"There is light at the end of the tunnel – we just don't know where it is yet."
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