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

 

Avocado prices near record levels and kumara hits new high

Avocado prices near record levels and kumara hits new high

13 July 2017

Food prices rose 0.2 percent in June 2017, Stats NZ said today. The rise was led by higher prices for avocados and soft drinks. The average price for a 200g avocado was $4.52 in June 2017, compared with $3.38 in May 2017.

"Avocado prices tend to peak in the winter before falling in spring as new fruit become available," consumer prices manager Matthew Haigh said. "Prices are back near the record level in June last year."

"Fruit and vegetables prices eased off somewhat in June, from their highs in May," Mr Haigh said. "Lettuce and broccoli prices were down, but tomato and kumara prices continued to rise. Kumara prices were at their highest-ever level – $8.18 a kilogram."

A wet autumn pushed up vegetable prices to high levels in May.

Modest fruit and vegetable falls don’t slow annual price increases

Despite a monthly fall of 0.4 percent for fresh fruit and vegetables, annual vegetable prices kept food prices rising in the year ended June 2017. Overall, food prices increased 3.0 percent in the year.

Vegetable prices increased 18 percent in the year ended June 2017, led by higher prices for tomatoes, kumara, and lettuce. The average price for 1kg of tomatoes was $8.69 in June 2017, compared with $6.77 in June 2016. Tomatoes are typically more expensive in winter, often going above $10 a kg.

Grocery food prices rose 2.1 percent in the year to June 2017, led by higher prices for dairy products. Butter prices in June surpassed last month’s highest-ever level ($4.80); a 500g block of the cheapest available butter cost $5.05 in June 2017, compared with $3.38 in June 2016.

Spending on grocery food such as dairy, bread, and cereals, makes up around $35 of every $100 spent on food, compared with $15 for fruit and vegetables. Because the annual increase for grocery food was much lower than fruit and vegetables, the overall increase in food prices was just 3.0 percent.


For more information about these statistics:

• Visit Food Price Index: June 2017

• See CSV files for download

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Crown Accounts: Slightly Softer Growth Expected In PREFU

A slightly softer growth forecast is the main feature of largely unchanged Pre-election Fiscal Update compared to the Budget forecasts three months ago, Finance Minister Steven Joyce says. More>>

ALSO:

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO: