Sharechat Logo

Food prices rise at fastest annual rate since mid-2009

Thursday 12th May 2011

Text too small?

A 6.1% rise in food prices in the year to April was the biggest annual increase since July 2009, even though prices edged up just 0.1% last month.

For just the April month, grocery food prices rose 1%, non-alcoholic beverages were up 1.7%, fruit and vegetable prices dropped 3.3%, and meat, poultry and fish prices dropped 0.5%, Statistics New Zealand (SNZ) said today.

Soft drinks lifted 1.8% in the month, margarine gained 12.8%, bread added 2.1%, and sausages were up 5.2%.

Lettuce prices fell 15.8%, and kiwifruit was down 27.4%, while a 5.5% drop in porterhouse/sirloin beef steak and 13.5% fall in canned soup reflected a rise in the level of discounting, SNZ said.

The 6.1% annual rise included a 2.2% lift in food prices last October from the increase in GST.

Grocery food prices were up 5.8% over the year, fruit and vegetables lifted 8.7%, the meat, poultry and fish group lifted 6%, restaurant meals and ready-to-eat food lifted 4.6%, and non-alcoholic beverages rose 7.6%.

Fresh milk was up 9.3% over the year, soft drinks lifted 6.1%, potatoes rose 30.9%, lettuce was up 47.8%, and lamb chops added 23.3%. Bananas fell 6.2% and bacon dropped 4%.



  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:

Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report