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Home / Business / Economy

Food prices up 1.4pc, biggest jump in 12 months

BusinessDesk
11 Jul, 2012 11:45 PMQuick Read

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The cost of produce has risen in the lead-up to the winter months. Photo / NZH

The cost of produce has risen in the lead-up to the winter months. Photo / NZH

New Zealand food prices had their biggest gain in 12 months in June, reflecting higher seasonal prices for tomatoes and other fresh produce and the biggest recorded jump for chocolate.

The food price index rose 1.4 percent last month, the same increase recorded for June 2011, according to Statistics New Zealand. Prices are down 0.2 percent from the same month last year.

Fruit and vegetables prices rose 9 percent, leading the increase last month, with tomatoes soaring 42 percent, avocados up 37 percent, nectarines gaining 51 percent, broccoli up 54 percent and lettuce gaining 17 percent. Meat, poultry and fish climbed 1.3 percent. Grocery foods and restaurant meals both rose 0.3 percent.

Non-alcoholic beverages were the only group to record a decline in June, dropping 1.5 percent. Chocolate bars and blocks, part of the grocer group, rose 9.3 percent, the biggest increase since the series began in 1999.

Discover more

Retail

Retail spending lifts in March

12 Apr 05:30 PM
Economy

Food prices fall 1pc in March

15 Apr 11:10 PM
Commodities

Export commodities tumble in worst fall for two years

02 May 05:30 PM
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Food prices drop slightly in April

11 May 01:00 AM
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