New Zealand’s retail food price index fell 0.1% in the 12 months to the end of May. This follows a monthly increase of 0.3% according to Statistics New Zealand.
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.
The prediction of further falls in dairy industry export returns headlined by Fonterra last week has been reinfocred by the latest data from Statistics New Zealand showing dairy prices as the main cause of a 2.6 erosion in the nation’s terms of trade.
Statistics New Zealand’s latest retail data shows that hospitality has rebounded from the last couple of poor trading years with a moderate increase in spending in June.
Statistics New Zealand data shows that the June food price index fell a further 0.2% on the same month in 2011. This follows a similar fall in May, thanks primarily to declining dairy and meat prices.
Statistics New Zealand’s Food Price Index climbed again in March, up 0.2% on March 2011.
Inland Revenue has released its first group of benchmarks for 16 industries, including cafes, restaurants, electrical services, painting and decorating, taverns and bars.
New data released by Statistics New Zealand shows that New Zealand’s alcohol consumption remains static in spite of media acclamations of increasing abuse.
The November 2011 Food Price Index rose 1.9% over that of the previous November, according to the latest release from Statistics New Zealand
In spite of a decline of 1.3% in food prices during October, the price of food in New Zealand remains higher than it was 12 months ago.
Food prices remain at high levels with the latest Food Price Index for September 4.7% higher than it was for the same month a year ago.