Food prices rise 1.4pc in June

JAMES WEIR
Last updated 11:18 11/07/2014

Relevant offers

Money

LVR works at first-home buyers' cost NZ still in love with online shopping The poverty trap of Gen Y Get your feet on the property ladder RBNZ in $521m currency intervention Housing 'money pits' not worth the risk ASB to wind down FirstChoice KiwiSaver Fuel up 2 cents a litre Modest rent rises tipped for Auckland Helping hand for leaky homes

Salad days are over with the price of several ingredients shooting up last month, Statistics NZ figures show.

But prices for some fruit like bananas fell in June.

Food prices rose overall by 1.4 per cent in June, adding to smaller gains seen in April and May, Statistics NZ said.

Fresh vegetable prices normally rise in winter and they jumped nearly 9 per cent in June, with prices up for tomato, lettuce and cucumber.

The average tomato price of $9.25 a kilogram was slightly higher than last year's $8.97, but $1/kg less than prices seen two years ago.

Prices for mandarins, oranges, and bananas fell in June. Banana prices fell to an average of $2.24/kg - their lowest level since August 2011.

Chicken prices rose almost 10 per cent in June and beef was up 5 per cent, as previous discounts dropped away Statistics NZ said.

Prices rose for butter (up 7.7 per cent), yoghurt (up 3.6 per cent), and cheese (up 0.8 per cent), while fresh milk was up just 0.2 per cent, but to a new high.

These rises were partly offset by a fall in prices for bread and cereals (down 0.3 per cent), and for cakes and biscuits.

For the year to June food prices were up 1.2 per cent. Food prices are now at their highest level since they peaked in July 2011.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content