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Food Price Rise Lowest In Year, Still Up 6.8% In Year To May

Fuseworks Media
Fuseworks Media

Wellington, June 12 NZPA - Food price inflation has increased at its lowest rate for a year, but has still risen 6.8 percent in the year to May.

Food prices rose 7.6 percent in the year to April and 8.6 percent in the year to March 2009, Statistics New Zealand said.

In the year to May, meat, poultry and fish prices rose 11.3 percent on last year, fruit and vegetables rose 3.1 percent, restaurant and ready-to-eat meals rose 4.9 percent and non-alcoholic beverages rose 6.7 percent.

In the month of May, f ood prices increased a third of a percent from April, with grocery food accounting for the biggest price increase, up 1 percent overall.

The price of bread rose 2.8 percent, cakes and biscuits up 2.9 percent and yoghurt down 5.7 percent in May, acting government statistician Dallas Welch said.

Meat, poultry and fish prices remained unchanged overall, with poultry up 3.1 percent, offset by lower prices for beef, down 6.7 percent.

Non-alcoholic beverages were up 1.8 percent, with soft drinks up 2.1 percent.

Fruit and vegetable prices were down 2.6 percent -- the only subgroup to get cheaper. This was driven by lower-price mandarins, down 45.3 percent, kiwifruit, down 49.8 percent, and lettuce, down 18.9 percent, Mrs Welch said.

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