Food prices increased 1.0 percent in the May 2008 month
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June 3rd, 2008
Food prices increased 1.0 percent in the May 2008 month, Statistics New Zealand said yesterday. The increase was mainly due to higher prices for the fruit and vegetables (up 3.8 percent), non-alcoholic beverages (up 2.6 percent) and dry goods (up 0.5 percent).
The main contributors were higher prices for vegetables (up 11.0 percent), driven in particular by tomatoes (up 25.9 percent), lettuce (up 34.5 percent) and broccoli (up 37.3 percent). Fruit prices (down 6.1 percent) made a downward contribution, driven by lower prices for mandarins (down 46.5 percent) and kiwifruit (down 47.6 percent).
The rise in prices for the non-alcoholic beverages subgroup mainly came from higher prices for soft drinks (up 2.3 percent).
The most significant downward contribution came from lower prices for yoghurt (down 7.1 percent).
For the year to May 2008, food prices rose 6.8 percent. All food groups’ recorded upward contributions, with the most significant coming from higher prices for dry goods (up 11.8 percent, particularly fresh milk (up 21.5 percent), cheddar cheese (up 59.4 percent), bread (up 13.9 percent) and butter (up 80.1 percent).
Statistics NZ also reported that restaurant meals and ready-to-eat food prices increased 5.3 percent in the last year. How much have your prices increased in the last year?
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