Food prices in New Zealand increased 2.4 percent year-on-year in August of 2021, slowing from 2.8 percent in each of the previous two months. Main upward pressure came from higher prices for restaurant meals and ready-to-eat foods (up 4.6 percent), grocery food (up 1.9 percent), meat, poultry, and fish (up 2.2 percent), and fruit and vegetables (up 2.1 percent). On a monthly basis, food prices rose 0.3 percent in easing from a 1.3 percent rise in July. source: Statistics New Zealand
Food Inflation in New Zealand averaged 5.44 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 September 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. In the long-term, the New Zealand Food Inflation is projected to trend around 2.00 percent in 2022, according to our econometric models.