Fruit and veg prices plummet in third quarter

Posted by Isobel Drake on 28th October 2009

Inflation figures released today by the Australian Bureau of Statistics have confirmed a strong fall in the price of fruit and vegetables in the September quarter. Last week supermarket chain Coles advised that prices of fresh produce had fallen by 7.8 per cent in the third quarter, with ABS figures showing similarly strong deflation.

The declining cost of fresh food led overall food prices down 0.8 per cent in the quarter, but they remain 2.5 per cent more expensive than last year. Vegetables, down 5.6%, and fruit, down 5.4%, were the primary drivers, the statistics bureau advised.

Prices of some fresh produce have fallen due to seasonal factors, with better growing conditions for a number of products.