Food prices

March 13th, 2014 at 4:00 pm by David Farrar

Food Prices

 

Stats NZ updated the Food Price Index today and the good news is that are only 0.2% higher than a year ago. In fact are only 0.1% greater than two years ago. This stuff matters, as food inflation hits poor to middle income households the most.

Also fruit and vegetables prices are 5.6% lower than a year ago and remarkably 4.3% lower than even three years ago.

 

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14 Responses to “Food prices”

  1. flash2846 (172 comments) says:

    Be ready for the left wing spin to discredit this good news and MSM to favour left wing crap. Just look at Cunliffe’s gaff “Winston first” which deserved lots more air time.

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  2. mandk (824 comments) says:

    More to the point, it looks like food price increases have averaged about 2% p.a. under National, compared to about 4% p.a. under Labour.
    Do socialists really care for people on Struggle Street? Like hell they do.

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  3. tepopo (6 comments) says:

    This may be a simplistic comment, but these stats seem to underline our low inflation rate and makes me continue to question the need to be talking up interest rates the way they have been of late. Today’s rise is probably a good wake up call, but the need to see the continual rises predicted over the next two years, at this stage seems beyond me.

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  4. Sir Cullen's Sidekick (791 comments) says:

    As they say “lies, damned lies, and statistics” ….get the drift?

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  5. Judith (7,699 comments) says:

    I’ve always felt it was a bit pointless including fruit and veges in the food price argument, because they are affected by so many external influences, over and above the economy in general.

    Having said that, it doesn’t matter what food costs, as long as junk food is the cheaper option, there are those with less money than most, that will continue to buy it instead of the good stuff. When a packet of twisties cost 98 cents and a packet of nuts and raisins costs $3 – then the child is going to get twisties in many cases.

    That is not a reflection on any particular government. That is just how it is – and until we find some way of educating people in the benefits of spending that little bit more and living a healthy life style, we are stuck with.

    The cost of food would never affect the I voted.

    What does influence it is the stupid array of imported cheap chocolates (for example). NZ makes great chocolate – why the hell are we importing crap?

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  6. wiseowl (766 comments) says:

    I agree with Judith wow.!
    There are many influences on the price of fruit and veg as you say .The weather in particular.

    Producers are not getting much more return than they did 15 years ago.

    These figures make one question the hike in interest rates.I do not believe this control of our whole economy with one lever is the answer anymore.

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  7. wikiriwhis business (3,883 comments) says:

    We are at the mercy of Fonterra and the fuel companies, banks that are too big to fail and the Federal Reserve destroying the dollar. Whilst Hollywood and now legal Marijuana seduces us and keeps us in a cloud

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  8. Mark (1,368 comments) says:

    Seems like a damn good reason to reduce the minimum wage :)

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  9. Mark (1,368 comments) says:

    mandk (588 comments) says:
    March 13th, 2014 at 4:24 pm
    More to the point, it looks like food price increases have averaged about 2% p.a. under National, compared to about 4% p.a. under Labour.
    Do socialists really care for people on Struggle Street? Like hell they do.

    Yep Mandk just shows that the Nats are better at controlling the weather :)

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  10. mara (727 comments) says:

    Then why is the cost of my weekly supermarket shopping rising constantly? I increasingly “shop down” as my $ puts less and less in my trolley.

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  11. thedavincimode (6,539 comments) says:

    This can’t be right. Brussell sprouts, cabbages and leeks have gone through the roof.

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  12. wiseowl (766 comments) says:

    Seasonal fluctuations davinci.

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  13. coge (176 comments) says:

    Under Labour, NZ cheese became unaffordable.

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  14. Ben Dover (526 comments) says:

    In some Melbourne food Markets you get “Kiwi Snapper” for

    …….. ???????????????????
    under $14.00 per kilo
    sometime $12:00

    Aus $

    DO NOT BUY FOOD AND THE STUPID MARKET

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