News

BadgeArtboard 19@4x

Shock: seasonal vegetables’ prices fall when in season

When veges come into season their prices fall. That’s the unsurprising news behind food prices falling 0.9 percent in October 2021 compared with September 2021, mainly influenced by lower prices for fruit and vegetables, non-alcoholic beverages, and meat, poultry, and fish, Stats NZ say.

October’s movement is the first monthly fall since February 2021, when prices also fell 0.9 percent. After adjusting for seasonality, prices fell 0.1 percent in October 2021.

Fruit and vegetable prices fell 5.9 percent in October, with lower prices for tomatoes (down 26 percent), iceberg lettuce (down 23 percent), capsicums (down 22 percent), and cucumbers (down 25 percent). These falls were partly offset by rising prices for kiwifruit (up 41 percent), broccoli (up 9.8 percent), and carrots (up 9.5 percent).

“The weighted average price of tomatoes was $12.04 per kilogram in October, down from $16.27 in September,” consumer prices manager Katrina Dewbery said.

“However, tomato prices are still 47 percent higher than they were in October 2020, when the weighted average price was $8.18 per kilogram. Lettuce, capsicum, and cucumber prices are also all higher than they were in October last year.”

After adjusting for seasonal effects, fruit and vegetable prices fell 0.2 percent in October.

 

“The small movement in the seasonally adjusted series for fruit and vegetables indicates that most of the 5.9 percent fall in the non-seasonally adjusted series was due to seasonality,” Mrs Dewbery said.

Prices for non-alcoholic beverages fell 1.6 percent in October, mainly influenced by lower prices for 1.5 litre soft drinks (down 6.8 percent).

Meat, poultry, and fish prices fell 0.4 percent in October, with lower prices for chicken pieces (down 2.1 percent) and roasting pork (down 6.0 percent).

These falls were partly offset by restaurant meals and ready-to-eat food prices (up 0.4 percent). Grocery food prices were flat.

Annually, food prices increased 3.7 percent in October 2021, mainly due to higher prices for restaurant meals and ready-to-eat food (up 5.0 percent), fruit and vegetables (up 9.0 percent), and grocery food (up 3.1 percent).

“October’s annual movement is slightly lower than September’s 4.0 percent increase, but still higher than the average annual increase over the last year of 2.3 percent,” Mrs Dewbery said.

Share this article:

Share on facebook
Share on twitter
Share on linkedin
Vincent Heeringa

Vincent Heeringa

Vincent Heeringa is a communications strategist, writer, marketer and PR expert specialising in tech, investment, and sustainability. He was co-founder of Idealog, Stoppress and Good magazines and helped establish the Science Media Centre. He is the host of a podcast ‘This Climate Business’, co-founder of The Feed.co.nz, and a trustee of the Adventure Specialties Trust. And there's nothing he loves more than a good story. vincentheeringa.com

You might also be interested in these articles

Kāpeti named supreme at food awards

A fermented sauerkraut with pūhā (sow thistle) has won the Massey University Supreme Award at the New Zealand Food Awards.…

Lockdown boosts fancy beers by 42%

Statistics New Zealand figures released this week showed how the lockdown in Auckland has impacted the beer sector over the…

Tony Giles moves from goats to moos

Dairy product manufacturer New Zealand Food Innovation Waikato has appointed Tony Giles as its new Chief Executive. Tony, who was…

Seafood industry defends destructive practice

Representatives of New Zealand’s deepwater seafood industry appeared before the Environment Select Committee on 11 November to advise government about…

Lion NZ calls time on Drinks Collective

Lion New Zealand will close its foodservice distribution division Drinks Collective in December to streamline operations at its “increasingly complex business”.…

Sign up for our Newsletter

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit