Food prices up 1.4% in June, biggest monthly rise in a year

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

BUSINESSDESK: 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% last month, the same increase recorded for June 2011, Statistics New Zealand says. Prices are down 0.2% from the same month last year.

Fruit and vegetables prices were up 9%, leading the increase last month, with tomatoes soaring 42%, avocados up 37%, nectarines gaining 51%, broccoli up 54% and lettuce gaining 17%.

Meat, poultry and fish climbed 1.3%, while grocery foods and restaurant meals both rose 0.3%.

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


This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7493 -0.0050 -0.66%
AUD 0.9790 0.0030 0.31%
EUR 0.6919 -0.0013 -0.19%
GBP 0.5062 -0.0008 -0.16%
HKD 5.8109 -0.0382 -0.65%
JPY 89.9040 -0.0580 -0.06%

Commods

Commodity Price Change Time
Gold Index 1186.0 -12.220 2015-03-30T00:
Oil Brent 56.3 -0.120 2015-03-30T00:
Oil Nymex 48.7 -0.190 2015-03-30T00:
Silver Index 16.7 -0.390 2015-03-30T00:

Indices

Symbol Open High Last %
NZX 50 5821.3 5837.3 5821.3 0.26%
NASDAQ 4921.8 4948.5 4891.2 1.15%
DAX 11927.1 12090.1 11868.3 1.83%
DJI 17727.5 18008.6 17712.7 1.49%
FTSE 6855.0 6914.6 6855.0 0.53%
HKSE 24727.5 24949.3 24486.2 1.51%
NI225 19295.2 19474.1 19285.6 0.65%