Food Prices Would Be A Concern For New Zealand Residents
For the 200,000 or so British expatriates in New Zealand, the current news in regards to food prices may put a smile on faces. Statistics New Zealand have revealed this week that food prices had fallen by 0.1% during December last year. However, in comparison to 2012, prices where still higher by approximately 1.5%.
Usually, the prices of vegetables are cheaper due to them being in season. Chris Pike, prices manager, had said that chocolates and soft drinks had seen a reduction in price due to discounting, but these were offset by the higher prices of meat and milk.
Looking at the figures in some detail, it becomes apparent that one of the reasons for prices to fall was due to the non-alcoholic beverages subgroup which was lower by 2.1%. Simply because lower prices had being recorded for soft drinks, and prices of these products had also gone through further discounting.
British expatriates in New Zealand have to make allowances for the rise in food prices
The price of fruit and vegetables had dropped by 1.1%, with a big fall in vegetable prices holding its ground over the smaller rise in fruit prices. Other vegetables and fruits such as tomatoes and lettuce had dropped in price due to them being in season. But prices of popular fruits and vegetables such as apples and potatoes had risen.
During 2013 the food price index (FPI) had increased by 1.5%. The FPI measures the rate of change of food and food services which are purchased by households. From which it was revealed that grocery foods prices had also increased along with restaurant meals. Which is not music to the ears of British expatriates in New Zealand, who may enjoy dinners with families.
Ready-to-eat foods had also shown an increase in price. Along with other food staples such as milk and cheese. With prices being slightly balanced by the reduction in the prices of confectionery, nuts and snacks which in reality do not make up a huge percentage of the average shopping basket.