Friday 14th September 2012
|Text too small?|
New Zealand food prices rose in August, led by an increase in fruit and vegetables and non-alcoholic beverages.
The food price index rose 0.1 percent in August, for the fourth straight monthly gain, according to Statistics New Zealand. Prices are down 0.5 percent from the same month last year.
Fruit and vegetables rose 1.5 percent, leading last month's increase, with tomatoes soaring 31 percent. Non-alcoholic beverages climbed 1.3 percent, reflecting higher prices for fruit juices and soft drinks.
Restaurant meals and ready-to-eat food prices fell 0.1 percent. Grocery food prices shed 0.7 percent, the fifth fall in six months. Meat, poultry and fish prices showed no changed.
August's annual decline reflects "cheaper vegetables, dairy products and lamb," prices manager, Chris Pike said. Annual food prices have fallen for four months in a row, which hasn't happened since 2010.
On an annual basis grocery prices have fallen 2.1 percent, while meat, poultry and fish are down 0.7 percent, led by a 19 percent decline in lamb prices from their peak in August 2011. Restaurant meals and ready-to-eat food are up 1.3 percent.
No comments yet
Transpower sees no risk to credit metrics from incentive change
NZ dollar rises, an outlier amid rising Gulf tensions
Craigmore spends $32M to expand Kerikeri kiwifruit crop by 'more than a third'
CentrePort eyes further hub expansion
South Port beats guidance, earnings in line with 2018 record
Plexure sees revenue growth from White Castle deal
22nd July 2019 Morning Report
NZ dollar treading water as markets focus on Iran
MARKET CLOSE: NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs
NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut