Food prices in New Zealand were up 2.8 percent in the year ended June 2021, the largest increase since December 2020 and compared with a 1.8 percent rise in the previous month. Main upward pressure came from fruit and vegetables (9.6 percent vs 4.1 percent in May); restaurant meals and ready-to-eat food (4.4 percent, the same as in May); grocery food (0.5 percent vs -0.1 percent); non-alcoholic beverages (0.7 percent vs 0.3 percent); and meat, poultry, and fish (0.4 percent vs 0.2 percent). On a monthly basis, food prices rose 1.4 percent in June, as vegetable prices jumped 15 percent, the largest increase in over four years. source: Statistics New Zealand
Food Inflation in New Zealand averaged 5.45 percent from 1961 until 2021, reaching an all time high of 25.20 percent in March of 1980 and a record low of -2 percent in June of 2010. This page provides - New Zealand Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Food Inflation - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Food Inflation in New Zealand is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in New Zealand to stand at 1.20 in 12 months time. In the long-term, the New Zealand Food Inflation is projected to trend around 2.00 percent in 2022, according to our econometric models.