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

 

Food Price Index: October 2005

Food Price Index: October 2005 —

11 November 2005 Beef Prices Push Food Price Index Up

Food prices increased 0.3 percent in October 2005, Statistics New Zealand said today. Prices increased for the meat, fish and poultry; restaurant meals and ready-to-eat food; and fruit and vegetables subgroups. Prices for the grocery food, soft drinks and confectionery subgroup decreased.

Meat, fish and poultry prices increased 1.9 percent in October 2005, strongly influenced by price increases for beef steak (up 2.9 percent). Other significant contributions came from higher prices for pork (up 5.1 percent) and beef mince (up 4.1 percent). Restaurant meals and ready-to-eat food prices increased 0.3 percent in October 2005, driven by higher prices for restaurant meals (up 0.4 percent).

Fruit and vegetable prices were up 0.2 percent in October 2005, with the greatest upward contributions coming from carrots (up 18.9 percent) and apples (up 8.2 percent). The most significant downward contribution came from tomatoes (down 17.3 percent). Grocery food, soft drinks and confectionery prices fell 0.3 percent, with the largest downward contributions coming from soft drinks (down 2.1 percent) and chocolate confectionery (down 2.5 percent). These decreases were partly offset by higher prices for fruit juice (up 7.1 percent) and soup powder (up 8.5 percent).

From October 2004 to October 2005, food prices increased 1.1 percent. Prices increased for the restaurant meals and ready-to-eat food (up 2.5 percent); grocery food, soft drinks and confectionery (up 1.1 percent); and meat, fish and poultry (up 2.7 percent) subgroups. Prices for the fruit and vegetables subgroup decreased 3.5 percent.

Geoff Bascand

Acting Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>


NIWA: Tonga Eruption Discoveries Defy Expectations
New findings from the record-breaking Tongan volcanic eruption are “surprising and unexpected”, say scientists from New Zealand’s National Institute for Water and Atmospheric Research (NIWA)... More>>


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>

Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>



Finder: RBNZ Survey: 64% Of Experts Say Rising Inflation Will Push More Kiwis Into Debt

Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts... More>>



Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>