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

 


Dairy products dominate annual food price rises

Dairy products dominate annual food price rises

Feb. 14 (BusinessDesk) – Food prices rose 0.9 percent in the year to January, spurred by an 8.8 percent rise in the price of milk, 20 percent rise in butter prices, and a 4 percent increase for cheese, although dairy products saw price falls in the month of January.

Statistics New Zealand data released this morning shows food prices rose 1.2 percent last month, reflecting a 4.4 percent, seasonally adjusted increase in fresh produce prices, and offset by lower prices for milk, eggs and cheese.

Fruit prices in January rose 7.4 percent on December, driven largely by apples, strawberries, kiwifruit and mandarins. Vegetable prices rose 1.8 percent over the previous month.

Among grocery items, which were up 0.9 percent between December and January, contributors to the increase were a 1.5 percent rise in non-alcoholic beverage prices, a 0.8 percent increase in meat, poultry, and fish prices.

Restaurant and ready-to-eat food prices rose 0.1 percent in January and 1.7 percent over the previous 12 months, compared with 1.3 percent fall over 12 months in fresh produce prices, the only food sub-group to show a fall in the year to Jan 31.

Pumpkins, grapes, avocados, and pears showed the biggest falls.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Balance Of Trade: NZ Posts Trade Deficit In October On Falling Dairy Exports

New Zealand’s posted its largest monthly trade deficit for October in six years, while narrowing the shortfall from September, led by a fall in dairy exports to China while all main imports into the country rose. More>>

ALSO:

Gigatown Winner: Plenty Of Positives For Dunedin

Although the city has taken the Gigatown title, along with new ultrafast 1Gbps broadband and funding for $700,000 worth of UFB-related initiatives across the community, Mr Cull says Dunedin has gained so much more through its involvement. More>>

ALSO:

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news