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COST OF LIVING

CHKAPKI? BUTTER; DKAJIER - .MEAT. Tile retail price index (Dominion weighted average) for the three food groups as at June 15 was 1571 (on tiie base average prices in the four centres during the 'years 1909-13' equals 10(H)), an increase of 4 points as compared with that of the piovlous month, and of '4G.B perjcent.l over that for July 1914,^according.w the Abstracts of Statistics-

Minor : reductions in. the prices of some commodities are reflected by a decrease in the index number of the groceries group of three points. Bacon, prices still show a general increase but. this movement is veiled by the reduction in price of both butter and eggs; the combined effect oi tiiese movements oil the index number for the dairy produce group is a 35 pomps decrease. Continued increases m tnc prices of beef and mutton, due t 0 dearer live stock , have caused a. further increase of 39 points in the index number for the meat

group It la explained that the expenditure on fcod constitutes somewhat less than twe-hftbs of the expenditure oD an average household; In order ta present a mo>e complete picture od movements in retail prices generally, statistics, regarding the retail prices of cloth.ng., drapery, **nd footwear, and misfC'iaaieous items of family expenditure, ar? collected at quarterly intervals, and when combined with the indexes for fcod, rent, fuel, and light, approximately 87 per cent, off the average household expenditure; is represented. The- J one indexes for food, fuel, and light, and the May indexes for the clothing and miscellaneous groups have been combined with the February indexes for the rent group. The resultant "all groups" index is 62! per cent, above that for July. 1914, so that it now take s £l 12s 4fd on the average to purchase what could be purchased for £i in that month.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/STEP19280815.2.5

Bibliographic details

Stratford Evening Post, Issue 17, 15 August 1928, Page 2

Word Count
308

COST OF LIVING Stratford Evening Post, Issue 17, 15 August 1928, Page 2

COST OF LIVING Stratford Evening Post, Issue 17, 15 August 1928, Page 2

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