Sharechat Logo

Food prices fall 0.6% in November

Monday 13th December 2010

Text too small?

Food prices fell 0.6% in November, led by drops in vegetable prices.

Publishing the data today, Statistics New Zealand (SNZ) said the fruit and vegetable category fell 5.7% last month, after two months of rises when prices were affected by unusual weather conditions.

Vegetable prices fell 9.9% in November, while fruit prices lifted 1.5%.

Lettuce prices were down 34.4%, tomatoes 26.6%, and broccoli 45.2%. Prices for those items normally dropped in November, but lettuce prices last month were still two-thirds higher than the average November level for the past 10 years, with broccoli one-third higher, SNZ said.

Kiwifruit prices normally rose in November, and the 21.7% increase last month still left the price 1.6% lower than a year earlier.

Also in November, the meat, poultry, and fish category was down 0.5%, while grocery food prices rose 0.1%, restaurant meals and ready-to-eat food prices were up 0.6%, and non-alcoholic beverage prices rose 1.7%.

Potato prices rose 16.2%, soft drinks 2.8% and nectarines 41.8%.

For the year to November, food prices were up 4.8%, including the 2.2% rise in October when GST rose to 15% from 12.5%.

Grocery food prices rose 5% for the year, fruit and vegetables were up 11.9%, restaurant meals and ready-to-eat food up 3.6%, non-alcoholic beverages up 3.2%, and meat, poultry, and fish up 1.1%.

Significant changes among individual items over the year included fresh milk up 14.7%, potatoes up 31.9%, tomatoes up 41.9%, and cheddar cheese up 24.4%.

Fresh chicken prices fell 4.3% during the year, with bacon down 3.5%.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

VCT - Operational performance for the year ended 30 June 2024
Challenge to banks the way to go
Bigger returns or lower risk?
NPH - Director Appointment
July 19th Morning Report
Wellington International Airport Ltd (“WIA040”) - Maturity
Devon Funds Morning Note - 18 July 2024
CNU - Commerce Commission releases draft Price Quality decision
Precinct FY24 Annual Results and Webcast Details
Scott Technology appoints new CEO