Sharechat Logo

Food prices drop in April, led by soft drinks and groceries

Friday 11th May 2012

Text too small?

New Zealand food prices continued to fall in April as consumers paid less for soft drinks and supermarket shopping. The food price index fell 0.1 percent last month, according to Statistics New Zealand.

The index showed no overall change when compared to a year earlier. The decline was led by a 2.6 percent decrease in non-alcoholic beverages from a month earlier and a 0.7 percent fall in grocery prices, with cheaper prices recorded for potato crisps, crackers, yoghurt, sweets and soup.

The cost of restaurant meals and ready-to-eat food slipped just 0.1 percent. The index also recorded a 7.3 percent decrease in the price of packaged coffee, an 8.1 percent fall in takeaway pizza, and minced beef declined 7.2 percent.

Higher prices were recorded in two of the main sub-groups, with a 2.8 percent increase in the price of fruit and vegetables and a 0.7 rise in meat, poultry and fish. Unseasonal vegetables stood out as price gainers, with lettuce up 40 percent, followed by tomatoes, up 26 percent.

  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:

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite

IRG See IRG research reports