Sharechat Logo

Food prices down 0.8% in December

Monday 17th January 2011

Text too small?

Food prices fell 0.8% in December, but were up 4.2% from a year earlier, Statistics New Zealand (SNZ) says.

The rise in food prices for the year to December included a 2.2% increase in October when the Government lifted GST, while among significant price changes for the December year were a 14.2% lift in fresh milk, and a 62.8% rise in butter. Tomatoes fell 11.7%.

Prices for the grocery food sector rose 4.9% over the year, restaurant meals and ready-to-eat food added 4%, fruit and vegetables were up 5.5%, the meat, poultry and fish category gained 3.2% and non-alcoholic beverages gained 1.8%.

Significant factors in the fall in prices last month from November included a 37.1% fall in tomatoes, soft drinks down 5.8%, and lettuce down 19.6%. Chocolate novelty bars were up 10.5% in the month, apples up 14.2% and sausages up 8.7%, SNZ said.

Fruit and vegetable prices overall fell 4% in the month, non-alcoholic beverage prices fell 2.7%, grocery food fell 0.4%, the meat, poultry and fish category was up 0.8%, and restaurant meals and ready-to-eat food were up 0.2%.

The 0.8% fall in December followed a decline of 0.6% in November.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
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:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report