FOOD PRICES.
STILL 50 PER CENT ABOVE PREWAR LEVEL. The Government Statistician reports a drop of five points in the three food groups for the past month. Prices, however, are still 49.91 per cent above those in July, 1914, taking the average annual aggregate of expenditure on groceries, dairy produce, and meat in the four centres of the Dominion for the period 1909-13 at 1000, the food that would be purchasable for 1000 pennies then costs 1604 pennies now. The rise on the 1914 prices in Auckland is 49.44 per cent; Wellington, 51.25 per cent; Christchurch, 49.19 per cent; and Dunedin, 51.15 per cent. The sovereign of July, 1914, however, will to-day purchase but 11s worth if expended on groceries; 13s worth if on milk, butter, cheese, and eggs; and 16s 21d worth if on meat; in other words, it takes 6s 8d more to-day to buy food that could lie bought for £1 in 1914.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19240802.2.83
Bibliographic details
Hawera Star, Volume XLVIII, 2 August 1924, Page 13
Word Count
156FOOD PRICES. Hawera Star, Volume XLVIII, 2 August 1924, Page 13
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.