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

 

Fruit and Vegetables Drive Food Prices

14 June 2006

Fruit and Vegetables Drive Food Prices

Food prices increased 0.5 percent in May 2006, Statistics New Zealand said today. Price increases were recorded for the fruit and vegetables and restaurant meals and ready-to-eat food subgroups. The grocery food, soft drinks and confectionery subgroup recorded no overall change, while prices for the meat, fish and poultry subgroup decreased in May.

The fruit and vegetables subgroup was the most significant factor in the rise in monthly food prices, increasing 4.3 percent in May. This movement was due to a large increase in prices for fresh vegetables (up 10.7 percent), though this was partly offset by a decrease in prices for fresh fruit (down 2.5 percent).

This is the the largest increase in prices for fresh vegetables since an 11.0 percent increase in July 2002. The main contributions to this increase came from higher prices for tomatoes (up 37.0 percent) and lettuce (up 39.7 percent). Although fresh fruit prices fell, with lower prices for bananas (down 12.6 percent) and citrus fruit (down 13.9 percent) the major contributors, apple prices rose significantly, recording a 16.7 percent increase.

For the year to May 2006, food prices increased 1.8 percent. Prices increased for the grocery food, soft drinks and confectionery (up 1.3 percent); restaurant meals and ready-to-eat food (up 2.8 percent); meat, fish and poultry (up 1.4 percent); and fruit and vegetables (up 2.0 percent) subgroups.

Geoff Bascand

Acting Government Statistician

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: