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

 

Stats NZ - Food Price Rises

Figures released today by Statistics New Zealand show that food prices in November were 0.5 per cent higher than in October 1999. However, overall food prices are 0.3 per cent lower than a year ago, said Deputy Government Statistician Ian Ewing.

Price fluctuations throughout 1999 have meant that on average the index continues to remain flat. This compares with an average monthly growth in food prices for 1998 of 0.3 per cent.

Major contributors driving the October price index rise were fresh and frozen poultry, frozen and chilled pies and pizza, tomatoes, salad greens and coffee. Significant price decreases were recorded for potatoes, potato crisps, cauliflower and broccoli, chocolate confectionery and mince.

Grocery food prices rose by 0.7 per cent in November 1999. This follows a 0.1 per cent price fall from September to October 1999. Higher prices for frozen and chilled pies and pizza, coffee, biscuits, bread and bread rolls were responsible for pushing up this group's prices. Decreases in the price of potato crisps and chocolate confectionery partially offset the rising grocery food prices. Compared with a year earlier, grocery food prices were 0.5 per cent higher in November 1999.

Prices for fresh and frozen poultry increased by 5.3 per cent in November, mainly due to the loss of some significant specials that had been available in October. Beef steak price increases also contributed to the 1.5 per cent overall rise in meat, fish and poultry prices in November. Meat, fish and poultry prices are now 4.0 per cent higher than in November 1998.

Fruit and vegetable prices fell by just 0.1 per cent in November. This follows a 4.6 per cent fall in October 1999 and is the seventh successive month that consumers have experienced price falls for fruit and vegetables. Contributors to the November decrease in fruit and vegetables were price falls for potatoes, cauliflower and broccoli, citrus fruit and carrots. The most significant price increases to partially offset these falls were for tomatoes, salad greens and stone fruit.

On a regional basis, 12 out of the 15 centres recorded an increase in food prices in November 1999. New Plymouth prices rose by 1.4 per cent, the largest increase this month while Rotorua recorded the largest decrease, falling by 1.9 per cent.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>