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Takeaway prices on the rise

Press Release – Statistics New Zealand

Higher prices for takeaway foods and restaurant meals pushed the food price index up 0.2 percent in the year to June 2018, Stats NZ said today.Takeaway prices on the rise

12 July 2018

Higher prices for takeaway foods and restaurant meals pushed the food price index up 0.2 percent in the year to June 2018, Stats NZ said today.

Prices for restaurant meals and ready-to-eat food increased 3.0 percent. Lunch meals (up 3.8 percent) led the way, along with a wide range of takeaway food options.

“April’s 75 cent increase in the minimum wage, to $16.50 an hour, may have contributed to price increases for these items,” prices manager Matthew Haigh said.

“Of every $100 that Kiwi households spend on food, about $26 goes on takeaways and eating out.”

While overall food prices increased slightly over the year, meat and poultry prices decreased 1.6 percent, influenced by cheaper prices for chicken (down 8.5 percent). Chicken breast prices fell 14 percent to $12.28 a kilo.

Seasonal vegetable prices nudge June food prices up

Food prices rose 0.5 percent in the June 2018 month, influenced by seasonally higher vegetable prices (up 11 percent). This rise was led by cucumber (up 88 percent), lettuce (up 48 percent), and capsicum (up 32 percent) prices, which all rose in June.

Grocery prices fell 0.8 percent in June, with lower prices for dairy products, including yoghurt (down 9.0 percent), cheese (down 4.2 percent), and butter (down 6.9 percent). The average price for a six-pack of 150g yoghurt was $4.40 in June, down from $4.83 in May.
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The Government Statistician authorises all statistics and data we publish.

For more information about these statistics:
• Visit Food price index: June 2018
• See CSV files for download

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