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


NZ food prices rise 0.2% in July as kumara spikes

NZ food prices rise 0.2% in July as kumara spikes

By Hannah Lynch

Aug. 13 (BusinessDesk) - New Zealand food prices rose last month, led by a spike in the price of kumara, while prices fell for the year, led by cheaper vegetables, dairy and lamb products.

The food price index rose 0.2 percent, in its third monthly increase this year, Statistics New Zealand said. Prices fell 1.8 percent compared to the same period a year earlier.

July's rise was led by a 4.4 percent hike in fruit and vegetables. That was led by an 84 percent increase in kumara prices to their highest level since February 2008, influenced by low prices in July 2011 and poor weather conditions for both planting and harvesting affecting this year's crop.

Non-alcoholic beverages also rose 0.1 percent, while restaurant meals and ready-to-go meals fell 0.1 percent along with meat, poultry and fish prices down 0.2 percent and grocery food prices down 0.6 percent.

July's annual decline was led by a 6.6 percent decrease in fruit and vegetables, a 1.7 percent drop in grocery prices and a 1.6 percent decline in meat, fish and poultry products. Non-alcoholic drinks slipped 2.1 percent.

Restaurant meals and ready-to-go foods bucked the trend, rising 1.4 percent in the past year.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>

Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>

Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>

Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>