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Home / The Country / Horticulture

Food prices up 9.1pc for year

Herald online
19 Jan, 2009 10:30 PM2 mins to read

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KEY POINTS:

Along with this morning's low inflation number, Statistics NZ has released its Food Price Index, which shows a 9.1 per cent hike in food prices for the year to December 2008.

All five "subgroups" that are studied were up during the year.

The biggest movers were:

Grocery food
- up 11 per cent
Meat, poultry and fish - up 11.1 per cent
Restaurant meals and ready-to-eat food - up 6.1 per cent
Fruit and vegetables - up 8.7 per cent
Non-alcoholic beverages - up 5.6 per cent

Within these subgroups, higher prices were recorded for:

Ready-to-eat food - up 6.9 per cent
Bread - up 20.2 per cent
Cakes and biscuits - up 14 per cent
Restaurant meals - up 5.2 per cent

But things weren't so bad last month, says Statistics NZ, with prices falling by 0.2 per cent, driven mainly by a 3.9 per cent fall in fruit and vegetable prices.

In December:

Tomatoes - down 48.4 per cent.
Broccoli - down 45.3 per cent.
Lettuce - down 17.7 per cent.
Apples - up 22.1 per cent
Kiwifruit - up 27.8 per cent.
Bread - up 3.7 per cent
Cakes and biscuits - up 2.2 per cent


HERALD ONLINE

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