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Tuesday 28 June 2022

Vegetable prices jump 15% – the sharpest rise in four years

13th July 2021 By Staff Reporter | news@foodticker.co.nz | @foodtickernz

The largest rise in vegetable prices in more than four years pushes overall food prices up 1.4% for the month of June 2021 compared to the same month last year, says Stats NZ.

Capsicum prices jumped 27% to a weighted average price of $24.16 per kilogram, an all-time high.

Vegetable prices rose 15% in June, due mainly to rising prices for tomatoes, cucumbers, lettuce, capsicum, and broccoli. 

Stats NZ said that after adjusting for seasonal effects, vegetable prices increased 8.5%.

“We typically see price rises for many vegetables in winter due to seasonal effects,” Stats NZ’s consumer prices manager, Matthew Stansfield, said.

“However, we are seeing larger rises than usual for this time of the year and for a greater number of vegetables.”

Capsicum prices jumped 27% to a weighted average price of $24.16 per kilogram, an all-time high.

“Capsicum prices follow a very seasonal trend, generally reaching their peak during July or August as more produce is imported during winter,” Stansfield said.

Tomato and cucumber prices continued their recent strong prices rises in June, both up 52% to a weighted average price of $11.19 and $16.79 per kilogram respectively.

Stats NZ said the only fresh vegetable prices to fall in June 2021 compared to the same month last year were for kumara, pumpkin, and mushrooms.

Other food items to fall in June were:

  • kiwifruit, down 24%
  • instant coffee, down 4.9%
  • pork leg, down 10%
  • kumara, down 10%

Stats NZ said annual food prices increased 2.8% for the year to June 2021, compared to the previous 12 months, driven by fruit and vegetable prices rising 9.6%, and restaurant meals and ready-to-eat food up 4.4%.

 

 


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