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Vegetable prices in New Zealand down, dairy up

Staff Writer | January 17, 2017
Vegetable prices in New zealand dropped for the fourth month in a row in December, but dairy prices pushed the cost of food up in 2016.
New Zealand vegetables
Oceania   Statistics New Zealand:
Figures from Statistics New Zealand showed that in December, the food price index dropped by 0.8 per cent, or 0.5 percent after seasonal adjustments.

The fall was driven by a drop in vegetable prices as cabbage, broccoli, and cauliflower came into season.

But the fall in the index in December was not enough to offset increases in earlier months, with the food price index climbing 0.6 percent in 2016 as a whole.

Milk rose 6.1 percent to $3.32 for two litres in 2016, while butter rose 34 per cent, to $4.12 for a 500g block, Statistics New Zealand said.

The recent rise in dairy prices unwinds earlier falls, with the price of cheddar cheese dropping to an eight year low in 2016.


 

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