Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Food Price Index: December 1999

Food Price Index: December 1999

December Food Prices Fall Figures released today by Statistics New Zealand show that food prices in December were 0.6 per cent lower than in November 1999. Compared with a year earlier food prices in December were 0.5 per cent lower, said Deputy Government Statistician Ian Ewing.

Overall, food prices have remained flat since August 1998.

Major contributors driving down the December price level were potatoes, fresh and frozen poultry, and frozen or chilled meat pies. Significant monthly price increases were recorded for tomatoes, lettuce, cabbage and kiwifruit.

Grocery food prices fell by 1.0 per cent in December 1999. This follows a 0.7 per cent price rise from October to November 1999. Lower prices for frozen or chilled meat pies, bread and bread rolls, sweets and potato crisps were responsible for pushing down this subgroup's prices. Compared with a year earlier, grocery food prices were 0.3 per cent lower in December 1999.

Prices for fresh and frozen poultry decreased by 5.9 per cent in December, mainly due to specials. Price decreases for chops also contributed significantly to the 1.8 per cent overall fall in meat, fish and poultry prices in December. Meat, fish and poultry prices are, however, 1.9 per cent higher than in December 1998.

Fruit and vegetable prices rose by 1.5 per cent in December. This follows a 0.1 per cent decrease in November 1999 and is the first increase in this subgroup after seven consecutive decreases which commenced in May 1999. Contributors to December's 2.2 per cent increase in fresh fruit and vegetables were price rises for tomatoes, lettuce, cabbage, kiwifruit and broccoli. The most significant price decreases to partially offset these rises were for potatoes, cucumbers and zucchini.

On a regional basis, eight out of the 15 centres recorded decreases in food prices in December 1999. Napier-Hastings prices fell by 1.9 per cent, the largest decrease this month, while Nelson and Timaru both recorded the largest increase, rising by 0.8 per cent.


Ian Ewing
DEPUTY GOVERNMENT STATISTICIAN
END

There is a companion Hot Off The Press information release published - Food Price Index December 1999.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news