Carrot prices down to seven-year low
10 October 2019
Carrots are the cheapest they have been in seven years, while prices for capsicums, tomatoes, and cucumbers are falling sharply as spring arrives, Stats NZ said today.
This has been partly offset by a spike in courgette and broccoli prices, leaving overall fruit and vegetable prices down just 1.9 percent in September.
“Fruit and vegetable prices typically fall in September as the warmer weather arrives and more stock begins to hit the shelves,” consumer prices manager Sarah Johnson said.
Carrot prices fell in September to a weighted average price of $1.79 per kilogram.
“This is the lowest price for carrots since August 2012,” Mrs Johnson said.
“Carrot prices are typically down at this time of the year, but prices were even lower in September than they have been for some time.”
Carrots are one of the most abundant staple vegetables produced in New Zealand.
Many salad ingredients saw the largest monthly
price falls between August and September.
• Capsicum prices fell 33 percent to a weighted average price of $11.74 per kilogram ($17.46 in August).
• Tomato prices fell 7.4 percent to a weighted average price of $9.22 per kilogram.
• Cucumber prices fell 14 percent to a weighted average price of $9.39 per kilogram.
“Capsicum and cucumber prices typically see large falls in September, while tomato prices become cheaper as summer approaches,” Mrs Johnson said.
These seasonal falls were partly offset by rising prices for other fruit and vegetables including courgettes, up 76 percent.
Despite the fall in fruit and vegetable prices, overall food prices remained unchanged in September 2019.
Annual food prices increase, led by rising restaurant and ready-to-eat food prices
Food prices increased 2.2 percent in the year ended September 2019, mainly influenced by increasing prices for restaurant meals and ready-to-eat food, up 3.3 percent.
“Rising prices for takeaway foods, like pizza which is up 5.8 percent, contributed to the overall annual food price increase in the year ended September,” Mrs Johnson said.
Meat, poultry, and fish prices (up 5.3 percent) also contributed to the annual increase.
Prices for bacon and ham, lamb, and beef remained at higher levels.
“Rising export prices on the back of strong overseas demand for New Zealand meat has put upward pressure on the prices Kiwi consumers pay in store,” Mrs Johnson said.
“The weighted average price of lamb chops, blade steak, and bacon all reached record highs in September. This follows previous records for bacon in August, lamb chops in July, and blade steak in June and July.”
Grocery food (up 1.6 percent) and non-alcoholic beverages (up 1.9 percent) also contributed to the overall annual increase in food prices. Fruit and vegetable prices were the only group to buck the upward trend over the year, decreasing 1.0 percent.
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