News Karnataka
Sunday, December 04 2022
Other

Falling tomato prices pull down NZ’s overall food rates

Tomato prices may stay high for another 2 months Crisil
Photo Credit :

Wellington: Food prices in New Zealand fell 0.6 per cent in November compared to the previous month, mainly driven by the lower prices for tomatoes, the country’s statistics department Stats NZ said on Tuesday December 14.

Tomato prices fell 49 per cent in November compared with October. But, their price was still 54 per cent higher than a year ago, Stats NZ said.

Monthly fruit and vegetable prices fell 6.7 per cent in November. Along with lower tomato prices, there were lower prices for broccoli, strawberries and potatoes, reports Xinhua news agency citing Stats NZ as saying.

These falls were partly offset by higher prices for apples, kiwi and carrots, consumer prices manager Katrina Dewbery said.

Cheaper prices for fruit and vegetables were partly offset by higher prices for grocery food and non-alcoholic beverages, she said.

On a seasonally adjusted basis, overall food prices rose by 0.3 per cent in November, statistics show.

“The 0.3 per cent rise in prices after adjusting for seasonal effects shows that food prices fell by less than they usually do in November,” Dewbery said.

Annually, food prices increased 4 per cent in November, mainly due to higher prices for grocery food, restaurant meals and ready-to-eat food, she said.

“November’s annual movement is similar to the annual movements for the last few months. However, these price increases are higher than they were earlier in the year,” Dewbery added.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp