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

Case IH partners with Meet the Need

Tractor manufacturer and distributor Case IH has announced a new partnership with Meet the Need, the grassroots, farmer-led charity working to tackle food insecurity across New Zealand one meal at a time.

25 years on - where are they now?

To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their careers have taken them, and what the future holds for the industry.

Rockit Global appoints COO

Rockit Global has appointed Ivan Angland as its new chief operating officer as it continues its growth strategy into 2025.

National

Machinery & Products

Iconic TPW Woolpress turns 50!

The company behind the iconic TPW Woolpress, which fundamentally changed the way wool is baled in Australia and New Zealand,…

» Latest Print Issues Online

The Hound

Keep it up

OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and…

We're OK!

OPINION: Despite the volatility created by the shoot-from-the-hip trade tariff 'stratefy' being deployed by the new state tenants in the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter