Highest monthly food price increase in five years

Fruit and vegetable prices were 15 per cent higher in January 2022 than they were in January 2021.

Monthly food prices rose 2.7 per cent in January 2022, says Stats NZ.

This is the biggest monthly rise since January 2017, when monthly food prices rose 2.8 per cent.

After removing regular seasonal impacts, food prices rose 1.1 percent. Fruit prices were up 2.7 per cent, and vegetable prices were up 5.9 per cent.

'Food prices often increase in January,” says consumer prices manager Katrina Dewbery.

'However, prices increased by more than usual this January.”

In January 2021, monthly food prices rose 1.3 per cent, and in January 2020 they rose 2.1 per cent, both before removing the impact of seasonality.

In January 2022, higher fruit and vegetable prices were the main contributor to the monthly rise, up 9.9 per cent.

There were higher prices for broccoli, lettuce, apples, strawberries, and kiwifruit. These were partly offset by lower prices for beans, grapes, and courgettes.

At a more aggregated level, there were higher prices for all food groupings in January.

  • Meat, poultry, and fish prices rose 3.6 per cent.
  • Grocery foods prices rose 1.6 per cent.
  • Non-alcoholic beverages prices rose 2.3 per cent.
  • Restaurant meals and ready-to-eat food prices rose 0.3 per cent.

The widespread nature of the price rises was also shown by 76 per cent of all items increasing in price in January.

Annual food price increase is the highest in over a decade

Annual food prices were 5.9 per cent higher in January 2022 than they were in January 2021.

This is the biggest annual increase since August 2011, when annual food prices increased by 6.6 per cent.

The main contributor to this increase in January 2022 was higher prices for tomatoes.

'The average price of 1kg of tomatoes was $7.29 in January 2022.

'This compares with $2.94 in January 2021 and $3.35 in January 2020.”

Fruit and vegetable prices were 15 per cent higher in January 2022 than they were in January 2021.

As well as higher prices for tomatoes, there were higher prices for broccoli and lettuce, which were partly offset by cheaper prices for kumara, kiwifruit, and avocado.

3 comments

No surprises

Posted on 14-02-2022 19:47 | By Kancho

Tax on top of tax, print lots of money, borrow lots of money, low productivity. Highest inflation for 30 years, worse than all trading partners except America but catching up. The worst productivity all by government policy. Funny how the party supposedly is union based that lower paid suffer more. Housing terrible, child poverty, lower education stats, truancy etc...


And Then

Posted on 14-02-2022 22:59 | By Yadick

Add the fuel on top to and from the supermarket, especially with the start - stop congestion at present and it all adds up. If only I had a Ministerial vehicle . . . and wage . . . and bonuses . . . and perks . . . it all adds up . . .


prices will always go up

Posted on 17-02-2022 16:32 | By This Guy

There is no end game in capitalism except for "make more money" Foodstuffs made 800 million in profit last year but its not enough, its never enough so prices go up.


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