Food prices increase 7.4 percent annually

Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today.

MonthAnnual percent change
Jul-117.9
Aug-116.6
Sep-114.7
Oct-111.1
Nov-111.9
Dec-112.9
Jan-121
Feb-121.5
Mar-120.2
Apr-120
May-12-0.2
Jun-12-0.2
Jul-12-1.8
Aug-12-0.5
Sep-12-0.3
Oct-120.3
Nov-12-0.6
Dec-12-1
Jan-130.8
Feb-13-0.1
Mar-13-0.4
Apr-13-0.1
May-13-0.1
Jun-130.6
Jul-130.9
Aug-130.3
Sep-131.2
Oct-130.8
Nov-131.4
Dec-131.5
Jan-140.9
Feb-140.2
Mar-141.2
Apr-141.5
May-141.8
Jun-141.2
Jul-14-0.1
Aug-140.7
Sep-14-0.1
Oct-140.9
Nov-140.6
Dec-141
Jan-151.2
Feb-151.5
Mar-151.9
Apr-151
May-150.8
Jun-15-0.1
Jul-151.2
Aug-150.4
Sep-150.7
Oct-15-0.5
Nov-15-0.2
Dec-15-1.3
Jan-16-0.6
Feb-16-0.5
Mar-16-0.1
Apr-160.5
May-16-0.3
Jun-16-0.5
Jul-16-1.3
Aug-160.5
Sep-160.1
Oct-160.6
Nov-160.6
Dec-160.6
Jan-171.4
Feb-172.2
Mar-171.3
Apr-170.2
May-173.1
Jun-173
Jul-173
Aug-172.3
Sep-173
Oct-172.7
Nov-172.3
Dec-172.3
Jan-180.8
Feb-180.1
Mar-181.4
Apr-182.3
May-18-0.1
Jun-180.2
Jul-181.1
Aug-18-0.1
Sep-180.1
Oct-180.6
Nov-180.4
Dec-181
Jan-190.8
Feb-191.7
Mar-191.2
Apr-191
May-191.7
Jun-190.5
Jul-190.9
Aug-192.1
Sep-192.2
Oct-192.5
Nov-192.4
Dec-192.4
Jan-203.5
Feb-203.1
Mar-203.3
Apr-204.4
May-202.9
Jun-204.1
Jul-204.2
Aug-204.2
Sep-203.1
Oct-202.7
Nov-202.6
Dec-202.9
Jan-212.1
Feb-211.2
Mar-210.5
Apr-210.7
May-211.8
Jun-212.8
Jul-212.8
Aug-212.4
Sep-214
Oct-213.7
Nov-214
Dec-214.5
Jan-225.9
Feb-226.8
Mar-227.6
Apr-226.4
May-226.8
Jun-226.6
Jul-227.4

In July 2022, the annual increase was due to rises across all the broad food categories that we measure. Compared with July 2021:

  • grocery food prices increased by 7.5 percent
  • restaurant meals and ready-to-eat food prices increased by 6.6 percent
  • fruit and vegetable prices increased by 10 percent
  • meat, poultry, and fish prices increased by 7.7 percent
  • non-alcoholic beverage prices increased by 4.6 percent.

Grocery food was the largest contributor to the movement.

“Increasing prices for cheddar cheese, standard two-litre milk, and yoghurt were the largest contributors within grocery food,” consumer prices manager Fiona Smillie said.

The second-largest contributor to this movement was restaurant meals and ready-to-eat food. The items within this group that influenced this movement the most were eat-in lunch/brunch meals and ethnic takeaway meals (not including Chinese takeaways).

Rising cost of fruit and vegetables drives monthly increase

Monthly food prices were 2.1 percent higher in July 2022 compared with June 2022. After adjusting for seasonal effects, they were up 1.1 percent.

MonthMonthly percentage change
Jul-191.1
Aug-190.7
Sep-190
Oct-19-0.3
Nov-19-0.7
Dec-19-0.2
Jan-202.1
Feb-200
Mar-200.7
Apr-201
May-20-0.8
Jun-200.5
Jul-201.2
Aug-200.7
Sep-20-1
Oct-20-0.7
Nov-20-0.9
Dec-200.1
Jan-211.3
Feb-21-0.9
Mar-210
Apr-211.1
May-210.4
Jun-211.4
Jul-211.3
Aug-210.3
Sep-210.5
Oct-21-0.9
Nov-21-0.6
Dec-210.6
Jan-222.7
Feb-22-0.1
Mar-220.7
Apr-220.1
May-220.7
Jun-221.2
Jul-222.1
MonthSeasonally adjusted monthly percentage change
Jul-190.5
Aug-190.5
Sep-190.4
Oct-190.7
Nov-190.1
Dec-190.2
Jan-200.6
Feb-200.5
Mar-200.2
Apr-201
May-20-0.8
Jun-200.2
Jul-200.5
Aug-200.6
Sep-20-0.6
Oct-200.2
Nov-200.1
Dec-200.4
Jan-21-0.2
Feb-21-0.4
Mar-21-0.5
Apr-211.1
May-210.5
Jun-211
Jul-210.6
Aug-210.1
Sep-210.9
Oct-210
Nov-210.5
Dec-210.8
Jan-221.1
Feb-220.4
Mar-220.3
Apr-220.2
May-220.7
Jun-220.8
Jul-221.1

A 10 percent increase in fruit and vegetable prices was the largest contributor to the monthly movement. After adjusting for seasonal effects, fruit and vegetables were up 3.1 percent. This indicates that whilst seasonal impacts drove most of the movement, after removing these impacts fruit and vegetables still increased by 3.1 percent.

“Vegetables had the largest impact on this increase, influenced by higher prices for tomatoes, lettuce, and broccoli.” Ms Smillie said.

Tomatoes
Jul-191000
Aug-191511
Sep-191399
Oct-191056
Nov-19522
Dec-19560
Jan-20508
Feb-20539
Mar-20571
Apr-20577
May-20933
Jun-201185
Jul-201496
Aug-202071
Sep-202012
Oct-201241
Nov-20605
Dec-20505
Jan-21446
Feb-21385
Mar-21452
Apr-21962
May-211120
Jun-211698
Jul-212058
Aug-212396
Sep-212469
Oct-211827
Nov-21935
Dec-211003
Jan-221106
Feb-22710
Mar-22777
Apr-22857
May-22932
Jun-221187
Jul-221935
Lettuce
Jul-191000
Aug-19979
Sep-191039
Oct-19757
Nov-19692
Dec-19495
Jan-20474
Feb-20605
Mar-20665
Apr-20723
May-20595
Jun-20911
Jul-201464
Aug-201468
Sep-20894
Oct-20701
Nov-20590
Dec-20705
Jan-21904
Feb-21840
Mar-21886
Apr-21933
May-211064
Jun-211370
Jul-211522
Aug-211703
Sep-211353
Oct-211039
Nov-21933
Dec-21913
Jan-221362
Feb-221347
Mar-221432
Apr-221008
May-221098
Jun-221256
Jul-221829
Broccoli
Jul-191000
Aug-19929
Sep-191129
Oct-191149
Nov-19927
Dec-19807
Jan-201278
Feb-201014
Mar-201392
Apr-201086
May-20803
Jun-20931
Jul-201678
Aug-201219
Sep-201164
Oct-201295
Nov-20915
Dec-20936
Jan-211195
Feb-211068
Mar-211075
Apr-21990
May-211069
Jun-211441
Jul-211998
Aug-211478
Sep-211546
Oct-211697
Nov-211147
Dec-211273
Jan-222068
Feb-222019
Mar-221941
Apr-221273
May-221229
Jun-221368
Jul-221792

The second-largest contributor to the monthly movement was grocery food, which rose 1.0 percent overall. This was driven by price increases in cheddar cheese (up 4.5 percent) and cage or barn-raised eggs (up 4.2 percent).

/Stats NZ Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.