Dairy prices on the rise after sustained low

Dairy prices on the rise after sustained low – Media release

20 December 2016

Food prices fell 0.1 percent in November, Statistics New Zealand said today. Seasonally lower prices for vegetables in November were mostly offset by higher prices for dairy, meat, and fruit. After seasonal adjustment, food prices rose 0.3 percent.

"Prices for the cheapest available cheddar cheese rose 17 percent in October, to $8.44 a kilogram," consumer prices manager Matt Haigh said. "Cheese prices overall rose 7.9 percent."

Annually, food prices rose 0.6 percent, reflecting higher prices for vegetables, dairy, and ready-to-eat-food.

"Fresh milk prices rose 6.1 percent in the year, to an average price of $3.33 for two litres of blue-top milk," Mr Haigh said. "This is the highest annual increase in milk prices since November 2014, when the average price was $3.71."

Ends

For media enquiries contact: James Weir, Wellington 021 285 9191, info@stats.govt.nz
Authorised by Liz MacPherson, Government Statistician, 20 December 2016

For more information about these statistics:
• Visit Food Price Index: November 2016

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