Thursday, 13 December 2012 10:58

Food prices fall

Written by 

Food prices fell 0.8% in the November month as vegetable prices continued to fall, Statistics New Zealand says.

 

"This is the third consecutive monthly fall in food prices, reflecting seasonally cheaper vegetables," prices manager Chris Pike said. "Tomato, broccoli, and lettuce prices have been falling for the past couple of months, as they usually do at this time of year."

Three of the five food subgroups contributed to the fall in the food price index (FPI): fruit and vegetables (down 4.4%), meat, poultry, and fish (down 1.6%), and grocery food (down 0.2%).

Tomatoes provided the most significant price fall in November (down 45% from an average price of $8.29 a kilo in October, to $4.52 in November). Prices were also lower for chicken pieces (down 11%, influenced by more discounting than in October), broccoli (down 35%), strawberries (down 30%), and lettuce (down 21%).

Prices were higher for: apples, chocolate blocks (there was less discounting than in October), nectarines, and potatoes.

In the year to November 2012, food prices decreased 0.6%. Grocery food made the main downward contribution (down 3.6%). Meat, poultry, and fish prices also decreased (down 1.7%), as did non-alcoholic beverages (down 0.8%). However, fruit and vegetable prices increased (up 7.9%), as did restaurant meals and ready-to-eat food (up 0.7%).

Fresh milk (down 9.6%), butter (down 26%) and cheddar cheese (down 12%) all had lower prices than a year earlier. Prices also decreased for chicken pieces (down 6.2%), takeaway pizzas (down 13%), and lamb (down 15%).

The strongest individual upward contributions for the year were from kumara (up 98%), avocados (up 92%), pumpkin (up 108%), and apples (up 20%). Kumara prices were influenced by poor weather conditions in both the planting and harvesting seasons, which affected this year's crop.

The FPI measures the rate of price change of food and food services purchased by households. Statistics NZ visits shops across New Zealand to collect prices for the FPI and check package sizes.

More like this

Vegetable prices expected to ease

It is predicted that the monthly Food Price Index due to be released next week will show an easing in vegetable prices, with industry insiders saying the trend is set to continue as we head into winter.

Featured

NZ Tractor Sales Up 10.7% in First Half of 2026: TAMA

As we move into the second half of 2026, the Tractor and Machinery Association (TAMA) reports that Year-to-Date figures ending June 30 saw new tractor deliveries hitting 1,386 units or 10.7% ahead of the same period in 2025.

National

Machinery & Products

» Latest Print Issues Online

The Hound

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter