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Thursday 21 October 2021

Chicken and egg: FPI increases for sixth consecutive month

14th October 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

Food prices rose for the sixth consecutive month in September 2021 up half a percent on the month prior as the increased price of chicken and fresh eggs came home to roost, according to Stats NZ.

On a seasonally adjusted basis, the price increase was closer to a percent coming in at 0.9%.

Grocery food prices showed the greatest increase rising 0.8% in the month, led by a 12% hike in the price of fresh eggs, followed by chocolate biscuits up 6.1%, and sweets climbing 3.2%.

“The weighted average price of cage or barn-raised eggs rose sharply to $5.22 a dozen, up from $4.65 in August,” Stats NZ consumer prices manager Katrina Dewbery said.

“Egg prices previously peaked at $4.81 a dozen in July 2021.

Meat, poultry, and fish prices rose only rose 1.8% on the whole masking a 10% jump in the price of chicken pieces, and roasting pork up 8.7%.

The end of winter saw fruit and vegetable prices ease down 1.5% in September, with large price drops noted in cucumbers – down 33%, capsicums 28%, and lettuce down 21%.

These were partly offset by rising prices for tomatoes which were up 3%, which Dewbery said was unusual as tomato prices tended to peak in August before falling slightly the following month.

“This September, tomato prices rose slightly to a weighted average price of $16.27 per kilogram, up from $15.79 in August.”

Prices for apples and pineapples also jumped in September, up 7% and 15% respectively.

As a result, overall fruit and vegetable prices did not drop as much as they typically would in September, Stats NZ said. After adjusting for seasonal effects, they actually rose 2.3%.

Taking a 12-month view, food price rose 4% in the year to September 2021 – the largest annual movement since August 2020, when prices increased 4.2%

Stats NZ said this was mostly due to prices for fruit and vegetables increasing by 9.3% over the year, restaurant meals and ready-to-eat food rising 4.6%, and grocery food up 2.9%.

 

 


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