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


Food Prices Fall in August

Food Prices Fall in August

Food prices fell 0.4 percent in August 2003, according to latest figures released by Statistics New Zealand. Price decreases were recorded for meat, fish and poultry; and grocery food, soft drinks and confectionery. Partly offsetting these falls were higher prices for fruit and vegetables; and restaurant meals and ready-to-eat food.

Meat, fish and poultry prices decreased by 2.7 percent in August 2003. The most significant downward contributions came from lower prices for poultry (down 5.2 percent) and beef (down 3.6 percent).

Grocery food, soft drinks and confectionery prices decreased by 0.3 percent in August 2003.

Lower prices for fruit juice were partly offset by higher prices for soft drinks. Fruit and vegetable prices rose 1.7 percent in August 2003, mainly due to a 3.6 percent rise in fresh vegetable prices. The price increase for fresh vegetables was driven by higher prices for lettuces.

Restaurant meals and ready-to-eat food prices increased by 0.1 percent in August 2003, due to a 0.1 percent rise in prices for restaurant meals. Ready-to-eat food prices recorded no overall change.

Food prices increased by 0.2 percent from August 2002 to August 2003. Grocery food, soft drinks and confectionery (up 1.7 percent) made the most significant upward contribution. Restaurant meals and ready-to-eat food increased by 1.8 percent. Partly offsetting these rises were price decreases for meat, fish and poultry (down 5.1 percent) and fruit and vegetables (down 0.1 percent).

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>>