Agribusiness

Brunch at home takes bigger bite out of wallet

avocado toast stock image

Higher prices in March for avocado, tomato, bacon, eggs, and bread are putting the heat on the price of making brunch at home, Stats NZ said.

Avocado prices more than doubled in March 2019 compared with February 2019.

“Avocado prices usually rise early in the year, and reach their highest levels around June,” consumer prices manager Gael Price said. “However, this March’s (2019) increase was much bigger than usual. Avocado prices were $4.29 per 200g avocado, up from $3.12 per 200g in March 2018.”

Tomatoes cost an average of $5.20 a kilo in March 2019, 44 percent higher than February 2019 and 12 percent higher than March 2018.

Bacon prices were 2.7 percent higher in March 2019. The average price for a 700g middle rasher from the supermarket was $11.01 in March 2019 compared with $10.71 in February 2019.

Bread prices rose 1.1 percent in March 2019. Egg prices also rose 0.4 percent in March 2019, 9.0 percent higher than March 2018.

On the other hand, butter prices fell for the second successive month. A 500g block of butter cost an average of $5.11 in March 2019, down from a series-high $5.79 in January 2019.

The average price of a 250g chocolate block from the supermarket was $4.12 in March 2019, down from $4.30 in February 2019. “We saw some chocolate makers cut down the size of their blocks. However, many of these products were on special, which resulted in an overall price fall,” Ms Price said.

Fruit prices overall rose 5.5 percent in March 2019, an increase of 2.7 percent in the year to March 2019.

Overall, food prices rose 0.5 percent in March 2019.

Source: Stats NZ

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