13th September 2021 CPI / Prices
Food prices rose for the fifth consecutive month in August mainly due to higher prices for meat, poultry and fish, and restaurant meals and ready-to-eat food, according to Stats NZ.
Pricing for New Zealand beef remains strong despite turbulence in global beef markets, according to Rabobank’s latest Global Beef Quarterly report.
Inflation for the all households group, as measured by the household living-costs price indexes was 1.1% in the June 2021 quarter.
Capsicum prices jumped 27% to a weighted average price of $24.16 per kilogram, an all-time high.
As air freight costs soared due to Covid-19 border closures, so did the price of exporting.
The department says prices tend to fall in October as fruit and vegetables follow seasonal trend.
Covid-19 has driven the price of tomatoes to an all-time high, according to Stats NZ.