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

 

Food Prices Increase in March

Food Price Index: March 2000

Food prices in March 2000 were 0.1 per cent higher than in February 2000 according to latest figures from Statistics New Zealand. Fruit and vegetable prices rose as did grocery food, restaurant meals and ready-to-eat food.

On an annual basis, food prices in March 2000 were 0.2 per cent lower than in March 1999.

Fruit and vegetable prices, the largest contributor to the overall increase, rose by 1.4 per cent in March 2000 but are 8.8 per cent lower than a year earlier. In March 2000, fresh vegetable prices rose 1.4 per cent, while fresh fruit increased by 1.2 per cent following two consecutive monthly increases of 0.2 per cent. The main contributors to the overall increase in fruit and vegetable prices were avocado, broccoli, citrus fruit and lettuce. Overall, fruit and vegetable prices in the North Island increased by 1.8 per cent in March 2000 and by 0.3 per cent in the South Island.

The next most significant upward contribution to the Food Price Index came from the restaurant meals and ready-to-eat food subgroup which increased 0.3 per cent in March 2000 compared to February 2000. This subgroup is now 1.9 per cent higher than in March 1999.

Grocery food prices increased by 0.1 per cent in March following a decrease of 0.5 per cent in February 2000. Boxed chocolates increased after Valentine's Day specials in February. Other items to record significant increases were packets of sweets and spaghetti. On an annual basis, grocery food prices remain unchanged in March 2000 from March 1999.

Price decreases for poultry and lamb contributed to a 1.3 per cent fall in the meat, fish and poultry subgroup in March 2000. This subgroup made a significant downward contribution to the overall Food Price Index movement for the March 2000 month. On an annual basis, the meat, fish and poultry subgroup is 3.9 per cent higher than in March 1999.

On a regional basis, nine of the 15 regional centres recorded increases in March 2000. The largest increase occurred in Napier-Hastings. Auckland recorded a fall of 0.1 per cent in March 2000, mainly as a result of lower prices in the meat, fish and poultry subgroup.

Ian Ewing

DEPUTY GOVERNMENT STATISTICIAN

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>

ALSO:

Royal Society: Calls For Overhaul Of Gene-Technology Regulations

An expert panel considering the implications of new technologies that allow much more controlled and precise ‘editing’ of genes, has concluded it’s time for an overhaul of the regulations and that there’s an urgent need for wide discussion and debate about gene editing... More>>

ALSO:

Retail: Card Spending Dips In July

Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. More>>

ALSO:

Product Stewardship: Govt Takes More Action To Reduce Waste

The Government is proposing a new way to deal with environmentally harmful products before they become waste, including plastic packing and bottles, as part of a wider plan to reduce the amount of rubbish ending up in landfills. More>>

ALSO:

Earnings Update: Fonterra Sees Up To $675m Loss On Writedowns

“While the Co-op’s FY19 underlying earnings range is within the current guidance of 10-15 cents per share, when you take into consideration these likely write-downs, we expect to make a reported loss of $590-675 million this year, which is a 37 to 42 cent loss per share." More>>

ALSO: