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

 

Food Prices Rise 0.3 Per Cent

Food Price Index: July 2001

Food prices were 0.3 per cent higher in July than in June 2001 according to latest figures from Statistics New Zealand. The increase was mainly due to higher grocery food and meat prices being partly offset by a fall in fresh fruit and vegetable prices.

In July 2001, grocery food, soft drinks and confectionery prices rose by 0.7 per cent, influenced both by general price rises and by items moving off special. The most significant upward contributions to this subgroup, and to the overall Food Price Index, came from frozen and chilled meat pies, and bread and bread rolls.

Meat, fish and poultry prices rose 1.0 per cent in July 2001 and were driven by higher prices for mince, sausages and bacon. Poultry prices decreased 1.0 per cent, driven by lower prices for frozen poultry. Poultry prices have now fallen for three consecutive months.

Restaurant meals and ready-to-eat food prices rose by 0.5 per cent in July following increases of 0.2 per cent in June and 0.7 per cent in May 2001.

The prices of fruit and vegetables fell by 2.1 per cent in July 2001 following a rise of 6.9 per cent in June and a fall of 6.8 per cent in May 2001. The most significant downward contributions to this subgroup, and to the overall Food Price Index, came from lower prices for tomatoes, lettuce and cucumber, after adjusting for normal seasonal change.

From July 2000 to July 2001, food prices rose by 5.8 per cent. All of the subgroups recorded increases for the year to July 2001. The largest annual increase was recorded for fruit and vegetables which rose 11.3 per cent, closely followed by meat, fish and poultry which recorded an increase of 11.0 per cent. Grocery food, soft drinks and confectionery prices rose 3.9 per cent and restaurant meals and ready-to-eat food prices rose 3.6 per cent over the same period.

Brian Pink
Government Statistician
END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>