Food prices up as fruit, vegetable prices rise
Food prices rose 1.4 percent in June 2011, reflecting a seasonal rise in vegetable prices. This is similar to June 2010, when prices rose 1.3 percent for the month.
Annually, food prices were up 7.5 percent on a year earlier, Statistics New Zealand said. This included a 2.2 percent rise in October 2010, when goods and services tax rose.
The fruit and vegetables subgroup had the largest impact on food prices in June, rising 12.2 percent. This rise in fruit and vegetable prices was influenced by price rises for tomatoes (up 56.9 percent), capsicums (up 43.7 percent), and cucumber (up 35.6 percent).
"Tomato and capsicum prices rose more than they usually do in June, reflecting a supply shortage caused by the January floods in Queensland," Statistics NZ prices manager Chris Pike said.
These price rises were partly offset by a 5.1 percent fall in yoghurt prices (influenced by an increase in the level of discounting).