Food prices dip slightly

JAMES WEIR
Last updated 11:01 11/04/2014

Relevant offers

Money

Outrageous costs and mis-sold loan insurance to be weeded out by new code Kids will still be bombarded by junk food adverts under new rules Financial benefits of escaping the rat run and working from home New Zealanders in Australia say Kiwis pay too much for food The cash machine has been around for 50 years Complaint upheld against Lotto Mother's Day ad Sheldon Slabbert: Brexit, one year on Food giants resist Aussie call to ban cartoon characters from junk-food ads Paymark and iTicket partner to offer online eftpos payment First-home buyers' guide to getting a mortgage

Shopping at the supermarket became slightly cheaper in March, with food prices down 0.3 per cent.

But for the past year, prices are still up 1.2 per cent.

Statistics NZ figures for March show prices fell for some groceries including snacks, biscuits, and cheese, but that was partly countered by higher prices for beef and vegetables.

The 1.6 per cent fall for groceries was influenced by price falls across most of the subgroup including sweets, nuts, and snacks (down 3.5 per cent); bread and cereals (down 1.8 per cent); and milk, cheese, and eggs (down 0.6 per cent).

Meat, poultry, and fish prices rose 0.9 per cent, influenced by a 2.9 per cent rise in beef prices.

Beef prices are now 2.3 per cent below their February 2012 peak.

Fruit and vegetable prices rose 0.5 per cent in March.

Higher prices for avocados, tomatoes, and strawberries were partly countered by seasonally lower prices for apples and kumara.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content