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


Olives Squeeze Out Luncheon Sausage

Olives Squeeze Out Luncheon Sausage

Kiwis are spending less on luncheon sausage and more on olives and fresh herbs, Stats NZ said today. As a result, the humble sandwich filler is dropping out of the basket used to measure food price inflation.

“Shoppers will still be able to buy luncheon sausage in supermarkets, of course, but that product will no longer be one of the items priced for the food price index, which shows how overall food prices move each month,” prices senior manager Jason Attewell said.

Joining luncheon on the way out of the basket are milkshakes, cottage cheese, alfalfa sprouts, canned corn, taro, and spring onions. New items going into the basket are olives, fresh herbs, and herbal teas.

“We remove items from the basket when their expenditure gets low, or because they are well represented by other items – which is why we’ve removed spring onions and taro in this review. When new items are added to a particular section, we can end up pricing too many things in that section,” Mr Attewell said. “We have been pricing several types of cheese. While making for a great tasting session, there is rarely any difference in price movements between cottage cheese and camembert.”

Stats NZ updates the food price index basket every three years, in order to make sure it reflects what households typically spend on food. For example, in 2008, Stats NZ dropped another meaty treat – saveloys – and hummus dip was added.

“These changes to the food price index basket reflect the changing diets and spending habits of Kiwi households,” Mr Attewell said. “We’re often asked how we choose the items for the food price inflation basket. The answer is that we survey people to find out what they spend their money on.”

Stats NZ prices 162 different foods each month to create the food price index.

Kiwis eating more food on the go

New Zealanders are spending relatively more on restaurant meals and takeaways, and less on grocery items, Stats NZ said today. This shift in how we eat has been reflected in changes to New Zealand’s monthly food inflation measure, the food price index.

See Kiwis eating more food on the go

See also:

Food price index review: 2017

Food Price Index: October 2017


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>