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


Food Prices Rise in November

Food Prices Rise in November

Food prices rose 0.2 percent in November 2003, according to latest figures released by Statistics New Zealand. Price increases were recorded for grocery food, soft drinks and confectionery; fruit and vegetables; and restaurant meals and ready-to-eat food. Partly offsetting these increases were lower prices for meat, fish and poultry.

Grocery food, soft drinks and confectionery prices increased by 0.3 percent in November 2003. Significant upward contributions came from higher prices for bread and bread rolls (up 2.4 percent), and frozen and chilled meat pies (up 9.3 percent). These were partly offset by price decreases for potato crisps (down 6.4 percent) and energy drinks (down 6.4 percent).

Prices for fruit and vegetables increased by 0.6 percent in November 2003. The most significant upward contribution came from processed fruit prices (up 4.4 percent). A less significant upward contribution came from fresh vegetables (up 0.7 percent). A rise in tomato prices (up 42.0 percent) was partly offset by a fall in potato prices (down 21.3 percent).

Restaurant meals and ready-to-eat food prices increased by 0.3 percent in November 2003. Ready-to-eat food prices rose 0.3 percent and restaurant meal prices rose 0.2 percent. Meat, fish and poultry prices fell 0.4 percent in November 2003. Lower prices were recorded for poultry (down 5.7 percent), pork (down 3.8 percent) and smallgoods and prepared meats (down 0.7 percent).

Food prices increased by 0.4 percent from November 2002 to November 2003. Upward contributions came from grocery food, soft drinks and confectionery (up 1.0 percent), restaurant meals and ready-to-eat food (up 1.6 percent) and fruit and vegetables (up 1.8 percent). These increases were partly offset by decreases in meat, fish and poultry prices (down 3.4 percent).

Brian Pink

Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

QV: Tax Changes Yet To Dampen Red-Hot Housing Market

Just over a month has passed since the Government announced measures aimed at dampening the rampant growth of the property market, and yet the latest QV House Price Index data shows the market hit a new high in April. The average value increased 8.9% nationally ... More>>

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>