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

 

Food Price Index - July 1999

Food Prices Rise in July

The Food Price Index rose by 0.5 per cent in the July 1999 month, said Deputy Government Statistician Ian Ewing. This follows falls of 0.7 per cent in the June month and 0.4 per cent in May and is the first increase since February when it rose by 1.1 per cent. Compared with a year earlier, food prices were 1.1 per cent higher in July and this follows annual increases of 1.4 per cent in June and 2.4 per cent in May 1999.

Driving up the price level in July was the index for grocery food, soft drinks and confectionery. The most significant downward contribution came from fruit and vegetables.

An increase in the price of soft drinks, frozen or chilled meat pies and packets of sweets were responsible for the July month's 1.2 per cent increase in grocery food, soft drinks and confectionery prices. Lower prices for oranges, tomatoes and potatoes were major contributors to the fruit and vegetable price decrease of 1.4 per cent. Significant price increases were recorded for broccoli, lettuce and cauliflower.

Restaurant meals and ready-to-eat-food prices recorded an increase of 0.1 per cent in July, following an increase of 0.4 per cent in June 1999. Of this subgroup, ready-to-eat-food made the most significant contribution to the July increase.

Meat, fish and poultry prices, while remaining unchanged from June 1999, were 1.9 per cent higher than in July 1998.

Ian Ewing
DEPUTY GOVERNMENT STATISTICIAN
31 August 1999

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Greenpeace: Govt Extends OMV Exploration Permit

The Government has just granted oil giant OMV a two-year extension to drill in the Great South Basin, despite issuing a ban on new oil and gas exploration permits in April. More>>

ALSO:

Collective Bargaining For Contractors: Working Group's Model For Screen Sector

A recommended model to allow collective bargaining for contractors in the screen sector has today been unveiled by the Government-convened Film Industry Working Group. More>>

ALSO:

Kauri Dieback: DOC Closing Tracks To Protect Trees

The Department of Conservation will close 21 tracks across kauri land to help prevent the spread of kauri dieback. An additional 10 tracks will also be partially closed and the open sections upgraded... More>>

Price Of Cheese: Dairy Product Prices Descend

Dairy product prices fell at the Global Dairy Trade auction as whole milk powder slid amid the prospect of increased supply. More>>

ALSO:

Deductible Horses: Peters' Bloodstock Investment Plan

“Cabinet has approved the final design of the bloodstock rules which were first signalled in Budget 2018. Investors new to bloodstock breeding will be able to claim tax deductions for the cost of horses, even if they don't own an existing horse breeding business...” More>>

Petrol Up 19%: Annual Inflation To September 1.9 Percent

The consumers price index (CPI) increased 1.9 percent in the September 2018 year, driven by higher petrol prices, Stats NZ said today. This follows a 1.5 percent annual inflation rate for the June 2018 year. More>>

ALSO: