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New Zealand: Seasonal vegetable prices nudge food prices up

Food prices in New Zealand rose 0.5 percent in the June 2018 month, influenced by seasonally higher vegetable prices (up 11 percent). This rise was led by cucumber (up 88 percent), lettuce (up 48 percent), and capsicum (up 32 percent) prices, which all rose in June.


Prices for restaurant meals and ready-to-eat food increased 3.0 percent. Lunch meals (up 3.8 percent) led the way, along with a wide range of takeaway food options.

“April’s 75 cent increase in the minimum wage, to $16.50 an hour, may have contributed to price increases for these items,” prices manager Matthew Haigh said.

“Of every $100 that Kiwi households spend on food, about $26 goes on takeaways and eating out.”

Source: StatsNZ
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