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


Fruit and Vegetables Push Food Prices Up

Food Price Index: May 2005

Fruit and Vegetables Push Food Prices Up

Food prices increased 0.5 percent in May 2005, according to the latest figures released by Statistics New Zealand. Prices increased for fruit and vegetables; grocery food, soft drinks and confectionery; and restaurant meals and ready-to-eat food.

Fruit and vegetable prices rose 4.6 percent in May 2005, strongly influenced by increases in prices for fresh vegetables (up 6.4 percent). The most significant price increases were for tomatoes (up 15.0 percent), potatoes (up 11.2 percent) and lettuce (up 39.1 percent).

In May 2005, prices increased for grocery food, soft drinks and confectionery (up 0.2 percent), and for restaurant meals and ready-to-eat food (up 0.1 percent). Within grocery food, soft drinks and confectionery, the most significant upward contributions came from instant coffee (up 9.3 percent) and instant noodles (up 8.2 percent). These were partly offset by lower prices for fruit juice (down 11.3 percent), and frozen and chilled meat pies (down 11.4 percent).

Prices for the meat, fish and poultry subgroup, however, decreased 0.4 percent, with lower prices recorded for poultry (down 4.9 percent) and beef mince (down 2.9 percent).

From May 2004 to May 2005, food prices increased 1.4 percent. Price increases were recorded for restaurant meals and ready-to-eat food (up 2.4 percent); grocery food, soft drinks and confectionery (up 1.1 percent); meat, fish and poultry (up 1.8 percent); and fruit and vegetables (up 0.3 percent).

Ian Ewing

Acting Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


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>>


Half A Billion Accounts: 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>>

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>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news