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

 


Food Prices Fall in August


Food Prices Fall in August

Food prices fell 0.4 percent in August 2003, according to latest figures released by Statistics New Zealand. Price decreases were recorded for meat, fish and poultry; and grocery food, soft drinks and confectionery. Partly offsetting these falls were higher prices for fruit and vegetables; and restaurant meals and ready-to-eat food.

Meat, fish and poultry prices decreased by 2.7 percent in August 2003. The most significant downward contributions came from lower prices for poultry (down 5.2 percent) and beef (down 3.6 percent).

Grocery food, soft drinks and confectionery prices decreased by 0.3 percent in August 2003.

Lower prices for fruit juice were partly offset by higher prices for soft drinks. Fruit and vegetable prices rose 1.7 percent in August 2003, mainly due to a 3.6 percent rise in fresh vegetable prices. The price increase for fresh vegetables was driven by higher prices for lettuces.

Restaurant meals and ready-to-eat food prices increased by 0.1 percent in August 2003, due to a 0.1 percent rise in prices for restaurant meals. Ready-to-eat food prices recorded no overall change.

Food prices increased by 0.2 percent from August 2002 to August 2003. Grocery food, soft drinks and confectionery (up 1.7 percent) made the most significant upward contribution. Restaurant meals and ready-to-eat food increased by 1.8 percent. Partly offsetting these rises were price decreases for meat, fish and poultry (down 5.1 percent) and fruit and vegetables (down 0.1 percent).

Brian Pink

Government Statistician

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

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, Including Xtra: 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>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news