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Fact sheet

Food price index: August 2014

12 Sep 2014

Summary: In the year to August 2014, food prices increased 0.7 percent, following a 0.1 percent decrease in the year to July 2014.

Higher annual prices for restaurant meals and ready-to-eat food (up 2.4 percent) were influenced by increases for both ready-to-eat food (up 2.9 percent) and restaurant meals (up 1.7 percent).

Meat, poultry, and fish prices increased 2.0 percent. Beef, chicken, and lamb prices were all up for the year. Prices also increased for non-alcoholic beverages (up 2.3 percent), with higher soft drink prices.

Grocery food prices decreased 0.6 percent. Price decreases for bread (down 13 percent) and chocolate were largely offset by increases for dairy products such as fresh milk (up 11 percent), cheese (up 5.3 percent), and butter (up 13 percent).

Fruit and vegetable prices (down 1.0 percent) also decreased, with lower prices for vegetables, including tomatoes, kumara, and capsicums. Higher prices for broccoli and lettuce partly offset these decreases.

The FPI measures the rate of price change of food and food services purchased by households. Statistics NZ visits shops across New Zealand to collect prices for the FPI and check package sizes.

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