Food prices rose 0.9 percent in the year to January, spurred by an 8.8 percent rise in the price of milk, 20 percent rise in butter prices, and a 4 percent increase for cheese, although dairy products saw price falls in the month of January.
Statistics New Zealand data released this morning shows food prices rose 1.2 percent last month, reflecting a 4.4 percent, seasonally induced increase in fresh produce prices, and offset by lower prices for milk, eggs and cheese.
Fruit prices in January rose 7.4 percent on December, driven largely by apples, strawberries, kiwifruit and mandarins. Vegetable prices rose 1.8 percent over the previous month.
Among grocery items, which were up 0.9 percent between December and January, contributors to the increase were a 1.5 percent rise in non-alcoholic beverage prices, a 0.8 percent increase in meat, poultry, and fish prices.
Restaurant and ready-to-eat food prices rose 0.1 percent in January and 1.7 percent over the previous 12 months, compared with 1.3 percent fall over 12 months in fresh produce prices, the only food sub-group to show a fall in the year to Jan 31.
Pumpkins, grapes, avocados, and pears showed the biggest falls.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- NBR technology editor Chris Keall on hitting 4000 member subscribers
- InternetNZ's Andrew Cushen on the Search & Surveillance Act review - and his key areas of concern
- New Zealand Law Society president Kathryn Beck says young lawyers "will go" if the industry does not listen to a new report
- Craigs' analyst Stephen Ridgewell is forecasting Brexit will slow Xero's growth in Britain
- Google tax: Spark boss Simon Moutter says everything's above board with Southern Cross' use of tax-haven Bermuda