Australian vegetable prices drop despite inflation

Vegetable prices have dropped more than 10% from last year’s price, the Consumer Price Index from the Australian Bureau of Statistics has shown.

“Vegetable prices for three out of the four past quarters have fallen, providing consumers very affordable prices for most of the year,” said AUSVEG Manager of Industry Development and Communications Andrew White.

“Vegetable prices are now 10.7% lower than what they were a year ago and this reinforces the view that Australian vegetables continue to provide consumers with extremely good value for money.”

Vegetable prices fell in the last quarter by 4.5%, following an increase of 3.3% in the previous quarter. The most significant price decreases occurred in Brisbane and Perth, with prices down by 6.5 and 6.0% respectively.

“The last time vegetable prices were this low was back in the last quarter of December 2010,” White said.

“Vegetables continue to represent good return for the consumer, considering that vegetable prices have fallen by 10.7% when inflation has increased by 2.2% over the same time period.”