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

 


Food Prices Drop

Media Release – 10 May 2006

Food Prices Drop

Food prices decreased 0.8 percent during April 2006, Statistics New Zealand said today. Price decreases were recorded in April for the grocery food, soft drinks and confectionery; meat, fish and poultry; and fruit and vegetables subgroups. However, the restaurant meals and ready-to-eat food subgroup increased.

The grocery food, soft drinks and confectionery subgroup was the main driver of the drop in food prices, decreasing 0.8 percent in April. The most significant downward contributions came from potato crisps (down 8.2 percent), bread and bread rolls (down 1.8 percent), chocolate biscuits (down 6.6 percent), and chocolate confectionery (down 2.8 percent).

The meat, fish and poultry subgroup also showed a significant movement, decreasing 1.6 percent during April 2006. The most significant downward contributions came from lower prices for fresh chicken (down 5.4 percent), pork (down 6.8 percent) and beef steak (down 2.9 percent).

The fruit and vegetables subgroup was also down during April 2006, decreasing 1.4 percent. The most significant downward contributions came from potatoes (down 11.9 percent) and cauliflower (down 42.6 percent). For the year to April 2006, food prices increased 1.9 percent. Prices increased for the grocery food, soft drinks and confectionery (up 1.5 percent); restaurant meals and ready-to-eat food (up 2.6 percent); meat, fish and poultry (up 1.6 percent); and fruit and vegetables (up 2.3 percent) subgroups.

Brian Pink

Government Statistician

ENDS

© 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>>

Earlier:

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>>

ALSO:

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, 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>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news