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

 

Food Prices Up In June

Food Price Index: June 2001

Food prices rose 0.7 per cent in June 2001, following rises of 0.3 and 0.4 per cent in May and April, respectively, according to Statistics New Zealand. Higher fresh vegetable prices, driven by lettuce, cauliflower and broccoli, caused the bulk of the June increase. Fruit and vegetable prices rose 6.9 per cent, the highest monthly movement in 12 months.

Restaurant meal and ready-to-eat food prices, and meat, fish and poultry prices recorded small rises of 0.2 and 0.1 per cent, respectively, in the month of June.

Grocery foods was the only subgroup of the Food Price Index (FPI) to fall, decreasing by 0.4 per cent. Most of the significant items influencing the movement in grocery food prices in June 2001 were driven by prices moving on and off special. The proportion of items that went on special in June was higher than the proportion of items that came off special. The most significant downward contributions to this subgroup came from falls in the prices of frozen and chilled meat pies, fruit juice and potato crisps.

On an annual basis, from June 2000 to June 2001, food prices rose by 5.7 per cent.

Higher food prices in April, May and June contributed nearly 16 per cent of the June quarter Consumers Price Index increase.

Brian Pink Government Statistician

END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: