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


Food Prices Rise in September

The Food Price Index rose by 0.3 per cent in the September 1999 month, said Deputy Government Statistician Ian Ewing. This follows a fall of 0.6 per cent in the August 1999 month and an increase of 0.5 per cent in the July 1999 month. Compared with a year earlier, food prices were 0.3 per cent lower in September 1999. This follows an annual decrease of 0.6 per cent from August 1998 to August 1999. Overall, food prices have been generally stable since July 1998.

Driving up the price level in September were the indexes for meat, fish and poultry, and for grocery foods. There was a downward contribution from fruit and vegetables.

Rising steak and lamb prices were largely responsible for the September month's 1.4 per cent increase in meat prices. Export beef and lamb returns have strengthened recently. Price decreases were recorded for fresh and frozen poultry.

Grocery food prices increased by 0.5 per cent in September. This follows a 0.9 per cent price fall from July to August 1999. The major contributors to this upward price movement were frozen or chilled meat pies, packs of sweets and lemonade. Partially offsetting these rises in grocery food prices was a significant decrease for potato crisps.

Price decreases for cauliflower, broccoli and potatoes contributed to an overall fruit and vegetable price fall of 1.2 per cent in September. A significant price increase was recorded for tomatoes. On an annual basis, the fruit and vegetables subgroup is 9.2 per cent lower than a year ago but 1.8 per cent higher than in September 1997.

On a regional basis, 10 of the 15 centres recorded overall food price increases in September 1999. Two of the centres remained unchanged and the remainder decreased. The largest increases occurred in Dunedin, which increased by 1.3 per cent and Wellington which increased by 1.2 per cent. The largest decrease occurred in Tauranga, where a decrease of 0.8 per cent was recorded.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news