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

 


Food prices fall 0.2 percent in December month

Food prices fall 0.2 percent in December month – Media release

Food prices fell 0.2 percent in the December month, and were down 1.0 percent on a year earlier, Statistics New Zealand said today. Lower prices in the December month for non-alcoholic beverages (down 2.8 percent) offset a rise in meat, poultry, and fish prices (up 0.9 percent).

“Food prices fell in December, reflecting cheaper prices for non-alcoholic drinks that were partly countered by higher prices for chicken and seasonal price rises for fruit,” prices manager Chris Pike said.

This fall for non-alcoholic beverages was led by soft drinks (down 2.6 percent), coffee (down 5.6 percent), and fruit juice (down 6.1 percent), which were all lower due to discounting.

The rise in meat, poultry, and fish prices was mainly influenced by higher prices for chicken pieces (up 10 percent), due to less discounting. However, this rise was balanced by the falling price of lamb (down 14 percent). This is the lowest lamb has been since February 2009.

In the December month, fruit and vegetables rose 0.7 percent. Seasonal rises in apple (up 14 percent), potato (up 13 percent), and kiwifruit prices (up 28 percent) provided the main upward contributions. The main downward contributions came from seasonal falls in tomato (down 30 percent) and broccoli prices (down 31 percent). Tomato prices often fall in the spring and early summer months. They have fallen 30 percent or more in each of the past three months and are now 75 percent lower than their off-season peak in August 2012.

Annual movements

Shifting the focus to annual from monthly price changes, the food price index (FPI) decreased 1.0 percent in the year to December 2012. Grocery food (down 3.6 percent) made the main downward contribution. Significant individual contributions came from fresh milk (down 9.4 percent), cheese (down 8.2 percent), and bread (down 4.2 percent).

The price of lamb decreased 24 percent, which is the largest annual fall since the series began in January 1989. Takeaway pizza prices also decreased (down 12 percent).

For the year to December 2012, fruit and vegetables (up 6.0 percent) made the main upward contribution. Kumara (up 109 percent), avocado (up 107 percent), apple (up 20 percent), and pumpkin (up 32 percent) prices all increased. High kumara prices were influenced by poor weather conditions in both the planting and harvesting seasons, which affected the crop in 2012. Avocados enjoyed a bumper season in 2011, with a large quantity available on the market. Avocado harvests follow a two-year pattern, with a smaller crop every other year.

The FPI measures the rate of price change of food and food services purchased by households. Statistics NZ visits shops across New Zealand to collect prices for the FPI and check package sizes.

ENDS

For more information about these statistics:
• Visit Food Price Index: December 2012
• Open the attached files
FoodPriceIndexDec12.pdf
fpidec12tables.xls

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news