Food Prices increase 4.4% in yr to April 2020 - largest yr-on-yr rise since '17
stats.govt.nz/information-releases/food-price...Posted May 19, 2020, 11:25 PM UTC
5024
stats.govt.nz
In April 2020 compared with April 2019:
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fruit and vegetable prices increased 2.7 percent
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Meat, poultry, and fish prices increased 6.2 percent
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grocery food prices increased 4.2 percent
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non-alcoholic beverage prices increased 4.7 percent.
12
The only ones happy about that are the animals and fish!
1
Not necessarily. A lot of people would rather buy meat with lower standards of welfare than give it up
1
I assume that the $60b in quantitative easing will have an upward impact on inflation as well.
8
And the large minimum wage increases.
3†
And no more immigration for production plants, fruit picking, farm work etc
5
The reserve bank seems to think that there will only be a slight blip of higher inflation due to the lockdown and supply chain disruption, then back to under 1% if I remember correctly.
3
Inflation is measured in aggregate - not in particular.
Food prices can rise more than the prevailing rate of inflation because they're just one component in the basket of goods which comprises the CPI.
3
Ah, like rents and house prices.
1
No kidding, who can buy a piece of salmon these days
7
People on Keto have raised the price
5
The overseas export markets who set the price?
4
Yeah that is one I've really noticed. Often 40/kg and used to be under 30
3
Price has close to doubled in the last few years.
1
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1
Who would want to? Farmed salmon: slimy, tasteless crap.
Go out and catch your own wild salmon to eat, and you'll never eat farmed salmon again... Note: IME
-7
New Zealand's farmed salmon is among the best in the world.
7
It is nicer than Atlantic salmon but I wish you could buy it deboned. Ain't nobody got time for that.
1
You can, call up a fishmonger.
1
Where do salmon run in Wellington?
2
Something like this could be done...
Since thousands of quinnat salmon smolt were released into a river near Dunedin in 1985, big salmon have been caught from the wharves in Otago Harbour. The Otago salmon fishery is restocked with smolt each year by the Otago Branch of the New Zealand Salmon Anglers Association as it is not completely self-sustaining.
1
Disruption of global food supply chains from coronavirus
Inflation from $60 bn of QE (above expected inflation increases)
Offset marginally by being net food exporter in a time of reduced trade
Honestly, I'm surprised it hasn't risen more than 4.4%
4
It probably has, they are probably being dishonest about it. They probably don't accurately capture shrinkflation
1
Statistics NZ not answering the phone. Will send a representative, the tea lady, to a committee meeting on Thursday—if she is not ill!
1
Yeah, but that’s like just 3 years ago. “Today saw Wellington have the highest temperature on record since Saturday.”
0
Werent people complaining Supermarkets and such werent offering/fulfilling specials.
Wonder how much of that is reflected by this
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I still see that in the Manukau store, seems to be updated weekly, too.
Disclaimer, it has been a few weeks since I've been to that specific store, it may have been removed in that time.
Update: stopped in today. It's still there.