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


Fruit and Vegetables Help Food Prices Drop

13 March 2006

Fruit and Vegetables Help Food Prices Drop

Food prices decreased 0.9 percent in February 2006, Statistics New Zealand said today. Prices were down for the fruit and vegetables; meat, fish and poultry; and grocery food, soft drinks and confectionery subgroups.

Restaurant meals and ready-to-eat food prices continued to rise. This is the largest monthly decrease in food prices since the 1.1 percent decrease in February 2000. Fruit and vegetable prices were down 6.6 percent in February 2006, driven by lower prices for fresh vegetables (down 7.8 percent) and fresh fruit (down 8.8 percent). Within these sections strong downward contributions came from apples (down 33.3 percent), potatoes (down 13.1 percent) and carrots (down 17.6 percent).

Meat, fish and poultry prices decreased 1.3 percent in February 2006, with the most significant downward contributions coming from lower prices for beef steak (down 3.2 percent) and lamb (down 8.1 percent).

Grocery food, soft drinks and confectionery prices decreased 0.2 percent in February 2006, with the most significant downward contributions coming from lower prices for dairy products (down 1.3 percent) and boxed assorted chocolates (down 15.1 percent). These increases were offset by higher prices for potato crisps (up 10.1 percent).

For the year to February 2006, food prices increased 1.1 percent. Prices increased for the grocery food, soft drinks and confectionery (up 1.6 percent); restaurant meals and ready-to-eat food (up 2.6 percent); and meat, fish and poultry (up 1.6 percent) subgroups. Prices for the fruit and vegetables subgroup fell 5.6 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>>


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>>


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, 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>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news