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

 


Fresh Vegetables Leads Growth in Food Prices

Food Price Index: December 2005

Fresh Vegetables Leads Growth in Food Prices

Food prices recorded an increase of 0.6 percent in December 2005, Statistics New Zealand said today.

Prices increased for the fruit and vegetables (up 2.8 percent); meat, fish and poultry (up 1.0 percent); grocery food, soft drinks and confectionery (up 0.3 percent); and restaurant meals and ready-to-eat food subgroups (up 0.1 percent).

Fruit and vegetable prices increased 2.8 percent in December 2005, driven by higher prices for fresh vegetables (up 5.6 percent). The most significant individual upward contributions came from higher prices for carrots (up 38.2 percent) and potatoes (up 12.0 percent). The largest individual downward contribution came from lower prices for tomatoes (down 6.6 percent).

Meat, fish and poultry prices increased 1.0 percent in December 2005, driven by higher prices for poultry (up 4.7 percent). The largest downward contribution came from lower prices for beef mince (down 3.4 percent).

Grocery food, soft drinks and confectionery prices increased 0.3 percent in December 2005, with the most significant upward contribution coming from higher prices for potato crisps (up 9.7 percent). The largest downward contribution came from lower prices for chocolate confectionery (down 3.8 percent).

Restaurant meals and ready-to-eat food prices increased 0.1 percent in December 2005. Prices for restaurant meals increased 0.1 percent, while prices for ready-to-eat food decreased 0.1 percent.

Compared with December 2004, food prices were 2.2 percent higher in December 2005. Prices increased for the grocery food, soft drinks and confectionery (up 2.2 percent); meat, fish and poultry (up 5.3 percent); and restaurant meals and ready-to-eat food (up 2.3 percent) subgroups. Prices for the fruit and vegetables subgroup decreased 2.3 percent.

Brian Pink
Government Statistician

ENDS

There is a companion Hot Off The Press information release published – Food Price Index: December 2005.

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Results:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news