COST OF LIVING.
OFFICIAL FIGURES SHOW DECREASE. FOOD PRICES COMING DOWN. “The index number for the three food groups as at November 15 last (Dominion weighted average) is 1625, a decrease of. 49 points as compared with the previous month’s figure (1674), and an increase of 51.87 per cent, as compared with that for July, 1914,” states the latent issue of the Monthly Abstract of Statistics.
“A fall of 57 points in the groceries group is accounted for mainly by a considerable fall in sugar, golden syrup, and treacle in most towns. This fall has been counteracted to some extent by a rise in the price of potatoes, due to th'- fact that new potatoes are being sold in most places to a greater extent than old potatoes. “In the dairy products group a fall of 57 points is due to an all-round decrease in the prices of butter and cheese.
“A fall of 32 points in the meat group is due mainly to a decline in the prices of beef and mutton in several towns.”
The Statistician publishes a table in which he shows the relative increases in the retail prices of food since July, 1914, in some of the principal countries of the world. The country with the smallest percentage increase ’ is South Africa, where an increase of only 34 per cent, was registered in August of this year. The United States is next with a 50 per cent, increase in September last; and New Zealand is third lowest with a percentage increase in November last of 52 per cent. Tire rise of prices in the United Kingdom is shown as 100 per cent, up to November. Finland has seen it shoot up to 1178 per cent. The figures for Russia are not available.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19220103.2.65
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 3 January 1922, Page 7
Word count
Tapeke kupu
296COST OF LIVING. Taranaki Daily News, 3 January 1922, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). 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.