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


Countdown’s June grocery prices drop by 1.2%

Countdown’s June grocery prices drop by 1.2%

Grocery prices continue downward trend, 2.5 per cent cheaper than two years ago

11 July 2016: Newly released data shows Countdown prices were 1.2 per cent lower in June versus the same time last year.

Countdown tracks the prices of a basket of 100 of the most commonly purchased items including meat, produce and dairy items where there can be substantial seasonal and commodity price variations, as well as non-perishable grocery items.

Countdown’s Head of Commercial Services Stuart Barnett says multiple factors drove lower prices in June across the basket of 100, including a 2.9 per cent drop in meat prices and a 3.8 per cent drop across other food and beverage items.

“Meat can be a significant part of our customers’ regular shop and in June we delivered lower prices across meat and delicatessen items including sausages, schnitzel and hot roast chicken, contributing to the overall drop in prices.”

“Our Price Lockdown programme also contributed towards a drop in basket prices across the health, beauty and cleaning segment, with significantly lower prices for household essentials such as laundry powder and toothpaste.”

While overall basket prices are down, produce items have again increased due to seasonal factors. A 15.7 per cent increase in produce is due largely to higher market prices on seasonal goods.

Statistics New Zealand’s May Food Price Index showed that, after seasonal adjustment, there was a 0.3 per cent decrease in food prices nationwide compared to this time last year.

Mr Barnett says Countdown is focused on making groceries more affordable for Kiwis and the company has again seen a decrease in prices overall during the month of June.

“While there will always be external factors that are out of our control affecting grocery categories, at Countdown we’re committed to driving prices down. Our Price Lockdown programme continues to offer Kiwi shoppers low prices every day,” Mr Barnett says.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>

E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>

Stats NZ: Card Spending Sees Strong Growth In May

Seasonally adjusted card spending rose by $189 million (2.3 percent) between April 2021 and May 2021, Stats NZ said today.
Spending rose across all industries for the first time since New Zealand moved to level 1 in June 2020... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>

Stats NZ: New Zealand Is Getting Drier

While there is natural variation in precipitation due to seasons and cycles, New Zealand appears to be getting drier, Stats NZ said today... More>>