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


Food Prices Rise In October

Food Price Index: October 2000

Food prices rose 0.3 per cent between September and October 2000 and are 2.9 per cent higher than in October 1999, according to Statistics New Zealand. Fresh fruit and vegetable price rises made the most significant contribution to this month's increase and there was a smaller upward contribution from restaurant meal and ready-to-eat food prices.

Prices of oranges, lettuces and apples were the leading drivers of the increase in the October Food Price Index. Fruit and vegetable prices (after removing normal seasonal change) rose 3.0 per cent after three successive monthly falls.

Falls occurred overall for meat, fish and poultry and for grocery food, soft drinks and confectionery prices.

Lower beef prices made the most significant contribution to the fall in overall meat, fish and poultry prices in October. Price falls were widespread with many more beef items going on special in October than the previous month. From September to October, beef and veal prices fell 2.0 per cent. This contrasts with a strong upward push from beef and lamb prices from April to September, reflecting increases in export prices.

Grocery food prices fell by 0.2 per cent in October following a rise of 0.5 per cent in September. Price falls for soft drinks in October made the most significant item contribution to the grocery food movement and also to the overall Food Price Index movement. Heavy in-store specialling occurred as a size change to larger bottles was introduced. If soft drink prices had remained unchanged from September to October, the overall Food Price Index would have increased 0.4 per cent and grocery food prices would have risen 0.1 per cent in October. Many grocery food items move considerably from month to month (often due to items moving on and off special). The proportion of items going 'on special' in October was significantly higher than the proportion which came 'off special'. Reports of recent increases in grocery food price items did not show through to a significant extent in the October collection of prices.

On average, food prices have risen 0.3 per cent per month in 2000 after remaining flat in 1999. Fruit and vegetable prices are 10.8 per cent higher than October 1999, meat, fish and poultry prices are up 5.2 percent and grocery food prices are up 0.4 per cent.

Ian Ewing



© Scoop Media

Business Headlines | Sci-Tech Headlines


Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>


Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>


Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>