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

 

Food prices pushed up by grocery food again

Embargoed until 10:45am – 14 February 2008

Food prices pushed up by grocery food again

Food prices increased 0.4 percent in the January 2008 month, Statistics New Zealand said today. The increase was mainly due to higher prices for the grocery food subgroup (up 1.3 percent).

Within the grocery food subgroup, the main contributors to the 1.3 percent increase were higher prices for cheddar cheese (up 14.7 percent), butter (up 14.7 percent) and boxed chocolates (up 19.6 percent).

The biggest downward subgroup contribution came from lower prices for meat, poultry and fish (down 1.3 percent) in the January 2008 month. Within this subgroup, the main contributors to the decrease were fresh chicken (down 4.3 percent) and beef (down 1.4 percent). The main upward contribution came from higher prices for ham (up 3.1 percent).

For the year to January 2008, food prices rose 4.4 percent. Four subgroups recorded upward contributions, with the most significant upward contribution coming from higher prices for the grocery food subgroup (up 8.0 percent). This was followed by, in order of significance, restaurant meals and ready-to-eat food (up 4.1 percent), meat, poultry and fish (up 4.1 percent) and non-alcoholic beverages (up 2.8 percent). The only downward contribution came from the fruit and vegetables subgroup (down 3.6 percent).

Geoff Bascand
Government Statistician
14 February 2008

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO: