Food prices fell 0.2% in the December month, and were down 1.0% on a year earlier, according to Statistics New Zealand. Lower prices in the December month for non-alcoholic beverages (down 2.8%) offset a rise in meat, poultry, and fish prices (up 0.9%).
Food prices in New Zealand fell one percent in the year ending December 31, 2012, according to Statistics New Zealand’s Food Price Index. This is a largest fall since the year to July 2012, and has now fallen seven times in the last eight months.
New Zealand’s food prices were static through January, contributing a slight 1% to inflation in the month.
Americans are shelling out more and more for one of their favourite products.
The New Zealand Food Price Index continues to run at record high levels in spite of a slight decline during the month of August.
A new report launched in London has suggested that New Zealand’s economy could be an early casualty of an impending food market crash prompted by irresponsible speculation in food prices.
Statistics New Zealand’s latest food price index is up 7.6 percent for the June year, thanks mostly to a staggering 23.5 percent increase in vegetable prices in the last 12 months, and a 9.4 percent increase in the price of fresh milk.
Consumers in the United Kingdom believe that the days of cheap food are over and that they will have to pay more for grocery essentials in the future.
Food prices were flat (up 0.1 percent) in the April 2011 month, but up 6.1 percent on a year earlier, Statistics New Zealand said today.
An ever-increasing problem is emerging in many countries, including New Zealand. It’s food insecurity – the lack of access to safe, nutritious, affordable food, which has a serious impact on the physical and mental health of those affected.
In an online briefing of world media this week, the FAO has said the record high food prices being experienced around the globe are likely to continue throughout 2011. Prices have been at record highs for the first two months of the year, and according to FAO there is more chance of them increasing than of a decline in coming months.
The United Nations food price index hit a new record in February for the second time in a month. The index had already broken new ground in January when it surpassed the prices reached in 2008.