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


Food Prices Fall in June

Food Prices Fall in June

Food prices fell 0.1 percent in June 2004, according to latest figures from Statistics New Zealand. Lower prices for grocery food, soft drinks and confectionery; and fruit and vegetables were partly offset by higher prices for restaurant meals and ready-to-eat food; and meat, fish and poultry. Grocery food, soft drinks and confectionery prices fell 0.4 percent in June 2004. The most significant downward contribution came from lower prices for potato crisps (down 9.9 percent).

This was partly offset by price rises for sauces and pickles (up 6.6 percent) and canned meals (up 6.5 percent). Prices for fruit and vegetables fell 0.9 percent in June 2004. The most significant downward contributions came from fresh fruit (down 1.8 percent) and fresh vegetables (down 1.0 percent).

These falls were mainly driven by lower prices for bananas (down 17.3 percent), tomatoes (down 19.3 percent) and potatoes (down 5.1 percent). Partly offsetting these falls were price rises for lettuces (up 25.6 percent), apples (up 6.6 percent) and cauliflower (up 24.3 percent). Restaurant meals and ready-to-eat food prices increased by 0.6 percent in June 2004. Ready-to-eat food prices increased by 0.9 percent and restaurant meals prices increased by 0.2 percent.

Meat, fish and poultry prices rose 0.1 percent in June 2004. The most significant upward contributions came from higher prices for pork (up 4.9 percent) and bacon (up 3.4 percent). The most significant downward contributions came from lower prices for sausages and saveloys (down 2.2 percent), and poultry (down 1.2 percent).

Food prices increased by 0.9 percent from June 2003 to June 2004. Upward contributions came from restaurant meals and ready-to-eat food (up 2.6 percent); fruit and vegetables (up 2.5 percent); and grocery food, soft drinks and confectionery (up 0.5 percent). Partly offsetting these increases were decreases in prices for meat, fish and poultry (down 1.3 percent).

Brian Pink
Government Statistician

© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


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>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

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>>


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>>