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

 

First Union On Mill Plans: Bitter Blow For Gisborne Workers

Up to 100 Gisborne jobs could go as JNL, the wood processing company, begins consulting on a proposal to nearly halve its workforce at its Gisborne mill. More>>

ALSO:

Employment:Slow Track For Most Contentious Labour Law

The government will announce a timetable for legislating a range of long-signalled labour law changes but is placing its intention to introduce new Fair Pay Agreement legislation on a slower track to allow consultation with both employers and trade unions. More>>

ALSO:

NZ's Space Programme: Rocket Lab's Successful Launch

Science Media Centre: Rocket Lab successfully launched its Electron rocket and deployed satellites into orbit Sunday afternoon, a milestone for the company and New Zealand's fledgling private space industry. More>>

ALSO:

BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>

ALSO:

StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>

ALSO:

Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>