The FINANCIAL — New Zealand’s food-price index rose 0.6% in July and 1.2% on the year, Statistics New Zealand said on August 13, according to Nasdaq.
“Fruit and vegetable prices increased 5.7%, and over the year, accounted for more than half of the overall increase,” consumer prices manager Matt Haigh said. Fruit prices increased 7.9% on year in July 2015, influenced by higher prices for grapes and avocados.
The food-price index measures the rate of price changes for food and food services purchased by households. Statistics New Zealand visits shops across New Zealand to collect prices for the index and checks sizes of packaged goods, such as coffee, soft drinks and juices.
“Fruit and vegetable prices increased 5.7 percent, and over the year, accounted for more than half of the overall increase,” consumer prices manager Matt Haigh said on August 13. Fruit prices increased 7.9 percent in the year to July 2015, influenced by higher prices for grapes and avocados.
Restaurant meals and ready-to-eat food rose 1.9 percent, while non-alcoholic beverage prices rose 3.9 percent. Meat, poultry, and fish rose 1.5 percent, influenced by higher prices for beef (up 7.1 percent).
The combined rise in these four groups was partly offset by lower grocery food prices (down 1.5 percent).
Food prices rose 0.6 percent in July
In the July month, food prices rose 0.6 percent. This follows a 0.5 percent rise in June and a 0.4 percent rise in May. Fruit and vegetables rose 3.0 percent, and contributed two-thirds of the overall increase.