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

 

Food Prices Rise 0.1 Percent


Food Prices Rise 0.1 Percent

Food prices rose 0.1 percent in August 2002, according to latest figures released by Statistics New Zealand. Price increases were recorded for grocery foods; fruit and vegetables; and restaurant meals and ready-to-eat food. Partly offsetting these price rises were lower prices for meat, fish and poultry.

Grocery food, soft drink and confectionery prices rose by 0.2 percent in August 2002, making the most significant upward contribution to the overall change in food prices. This follows no change to prices in July and an increase of 0.3 percent in June. Significant upward contributions in August 2002 came from higher prices for frozen and chilled meat pies (up 15.4 percent), cracker biscuits (up 7.4 percent) and instant coffee (up 5.8 percent).

Fruit and vegetable prices rose 0.7 percent in August 2002. After adjusting for normal seasonal change, significant upward contributions came from higher prices for lettuces (up 71.5 percent) and apples (up 6.8 percent). Significant downward contributions came from zucchini (down 26.8 percent) and tomatoes (down 6.1 percent).

Restaurant meals and ready-to-eat food prices rose 0.1 percent in August 2002, following an increase of 0.2 percent in July 2002.

Meat, fish and poultry prices decreased 0.6 percent in August. The most significant downward contributions came from lower prices for poultry (down 4.3 percent) and pork (down 6.6 percent). Partly offsetting these falls were higher prices for smallgoods and prepared meats (up 2.8 percent) and steak (up 3.9 percent).

From August 2001 to August 2002, food prices rose 3.0 percent. Grocery food, soft drinks and confectionery prices rose 3.5 percent in the year to August 2002, and restaurant meals and ready-to-eat food rose 3.8 percent over the same period. Meat, fish and poultry prices rose 2.2 percent, while fruit and vegetable prices rose 0.5 percent.

Brian Pink Government Statistician END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>