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


Food Prices Rise 0.2 Per Cent

Food Price Index: October 2001

Food prices rose 0.2 per cent in October 2001, according to latest figures from Statistics New Zealand. This is the seventh consecutive monthly rise in food prices and follows increases of 1.8 per cent in September and 0.5 per cent in August 2001.

In October 2001, grocery food, soft drinks and confectionery prices rose 0.5 per cent following a rise of 1.8 per cent in September and a fall of 0.1 per cent in August. The most significant upward contributions to grocery prices, and to the total Food Price Index, came from increases in the price of soft drinks (up 3.8 per cent) and fruit juice (up 7.4 per cent).

Meat, fish and poultry prices rose 0.8 per cent in October 2001, following two larger increases of 2.8 per cent and 2.2 per cent in September and August respectively. Steak prices made the most significant contribution to the October increase, with a rise of 2.5 per cent. Lamb also made a strong contribution, recording a rise of 2.8 per cent.

Restaurant meals and ready-to-eat food prices rose by 0.3 per cent in October following increases of 0.4 per cent in September and 0.3 per cent in August 2001.

Fruit and vegetable prices fell by 2.0 per cent in October, after adjusting for normal seasonal change. Prices were driven downwards by a decrease of 13.6 per cent in oranges, and a decrease of 28.8 per cent in strawberries. Notable increases in fruit and vegetable prices were recorded for carrots (up 12.5 per cent) and grapes (up 11.2 per cent).

>From October 2000 to October 2001, food prices rose by 7.7 per cent. The latest annual increase was influenced by some large price rises over the past year. Meat, fish and poultry prices have risen strongly, up 15.0 per cent from October 2000 to October 2001, as have fruit and vegetable prices, up 11.0 per cent over the year. Grocery food, soft drinks and confectionery prices rose 6.2 per cent in the year to October 2001, and restaurant meals and ready-to-eat food prices rose 3.9 per cent over the same period.

Brian Pink
Government Statistician

© Scoop Media

Business Headlines | Sci-Tech Headlines


Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>


Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>