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

 


Food prices up 0.6 percent in April

Food prices up 0.6 percent in April

13 May 2014

Food prices rose 0.6 percent in April 2014, and were up 1.5 percent on a year earlier, Statistics New Zealand said today. The monthly rise follows a 0.3 percent fall in March, and a 1.0 percent fall in February.

"In April, higher prices for beef and snack foods were partly countered by lower prices for kiwifruit and chicken," prices manager Chris Pike said.

Grocery food prices rose 1.0 percent, influenced by rises across the subgroup including milk, cheese, and eggs (up 1.4 percent), bread and cereals (up 1.0 percent), and confectionery, nuts, and snacks (up 1.0 percent).

Meat, poultry, and fish prices rose 0.9 percent, influenced by beef prices (up 3.1 percent). Beef prices are now at their highest level. This rise was partly offset by lower prices for chicken (down 2.9 percent) and lamb (down 3.9 percent).

Fruit and vegetable prices (up 0.4 percent) also rose in April. Seasonally higher prices for tomatoes and strawberries were partly countered by seasonally lower prices for kiwifruit.

Prices for non-alcoholic beverages fell 0.8 percent, influenced by more discounting on energy drinks and soft drinks.

Annual change in prices

In the year to April 2014, the food price index (FPI) increased 1.5 percent. For the second consecutive month all five subgroups showed annual increases.

The restaurant meals and ready-to-eat food subgroup (up 2.2 percent) had the largest impact, with ready-to-eat food up 2.4 percent and restaurant meals up 1.5 percent.

The meat, poultry, and fish subgroup was up 2.6 percent for the year, influenced by more expensive beef (up 2.6 percent), lamb (up 9.0 percent), and pork (up 9.1 percent).

Grocery food prices (up 1.0 percent) increased for the year. Higher prices were recorded for milk, cheese, and eggs (up 6.7 percent), influenced by increases for fresh milk (up 9.7 percent) and cheese (up 9.7 percent). Prices decreased for confectionery, nuts, and snacks (down 2.8 percent), influenced by lower prices for chocolate.

Prices also increased for non-alcoholic beverages (up 1.6 percent) and fruit and vegetables (up 0.9 percent).

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.

For more information about these statistics: Visit Food Price Index: April 2014

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Broadband Network: Spark Launches New, Competitive Ultra Fibre Plan Line-Up

Spark is giving customers an even more compelling reason to switch to its Ultra Fibre plans from today with the introduction of new competitive pricing for the majority of its plans (details below) and Fibre Landline (voice-over-fibre technology) for ... More>>

Employment: ANZ Proposes Casualisation In Whangarei Stores

ANZ workers in Whangarei could see their incomes drop by 20 to 40 percent if the bank’s proposal to reduce the number of full-time positions goes ahead says FIRST Union national organiser Tali Williams. More>>

Finance: BNZ Develops Specialist Tāmaki Māori Banking Team

BNZ develops specialist Tāmaki Māori Banking Team to support Māori as Auckland grows More>>

Pharmaceuticals: Commerce Commission To Consider Pharmaceuticals Merger

The Commerce Commission has received an application from Pfizer Inc. seeking clearance to acquire all of the shares in Hospira Inc. More>>

Real Estate: Housing Unaffordability Issues Spread

Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March. More>>

Statistics NZ: Annual Exports To China Dip Below Australia

The value of goods exports to Australia ($8.7 billion) surpassed those to China for the year ended March 2015, Statistics New Zealand said today. More>>

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news