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

 

Crowdfinding: Awaroa Beach To Become Public Land If Appeal Succeeds

Conservation Minister Maggie Barry says a privately-owned beach will become part of the Abel Tasman National Park if an online crowdfunding campaign to buy it succeeds... More>>

ALSO:

Meat Workers Union: Waitangi Mondayisation Flaunted By Large Employer Of Maori

At the AFFCO Talley owned meat plant in Rangiuru, the company has resorted to bullying and threats... saying they could be disciplined and their union sued for an unlawful strike if workers exercise their rights to a paid day off tomorrow. More>>

Earlier:

ETS Review: Modelling Documents Released

Three technical documents are being released to help New Zealanders engage with the Emissions Trading Scheme (ETS) review, Climate Change Minister Paula Bennett says. More>>

ALSO:

Northland: Govt Plan Targets Transport, Web, Maori Assets

The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, minerals, a potential workforce, scope for manufacturing, forestry and aquaculture, and proximity to Auckland. More>>

ALSO:

Statistics: Unemployment Rate Falls To 5.3 Percent

The unemployment rate fell to 5.3 percent in the December 2015 quarter (from 6.0 percent), Statistics New Zealand said today. This is the lowest unemployment rate since March 2009. There were 16,000 fewer people unemployed than in the September ... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news