Food prices down 0.9 per cent in September

Last updated 11:15 11/10/2012

Relevant offers

Money

How a university student saved $4000 Retirement savings used for first home Low inflation set to hold cash rate Better insured than sorry Spark's mobile price cut has a catch Teach your kids to be money-smart Mobile charges fall to all-time low Money wars divide friends Kiwisaver whoopsie Call for hedge disclosure

Grocery food prices are falling, adding to the usual cheaper prices for fruit and vegetables in spring, with overall food prices down 0.9 per cent in September.

Statistics New Zealand figures show grocery food prices have fallen almost 3 per cent since June.

In the past month, grocery food prices fell 1.6 per cent, while overall fruit and vegetable prices were down 2.2 per cent. Soft drinks eased back 0.5 per cent.

In September, capsicum prices took a big dive, as usual in the spring, down by about a third.

With the arrival of new season stock, the average price of capsicums fell from a high of $22.28 a kilogram in August to $15.05 a kilogram in September.

Prices were also lower for plain biscuits (down 18 per cent), cucumber (down 33 per cent), sweets (down 12 per cent), strawberries (down 20 per cent), and lettuce (down 12 per cent).

But broccoli prices doubled in September, caused by an early spring shortage.

Other products to go up in price included chocolate biscuits (up 15 per cent), porterhouse/sirloin beef steak (up 6.0 per cent), and pumpkin (up 62 per cent).

For the year to September, overall food prices were down 0.3 per cent.

For the year grocery food was down 3.5 per cent, non-alcoholic beverages (down 1.3 per cent), and meat, poultry, and fish (down 0.8 per cent).

Prices also fell heavily for fresh milk (down 9.2 per cent), butter (down 30 per cent), cheddar cheese (down 15 per cent), and lettuce (down 20 per cent for the year).

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content