Food prices in New Zealand increased by 2.1 percent year-on-year in January of 2021 from 2.9 percent in the previous month. Main contributors were prices of restaurant meals and ready-to-eat food (lunch prices up 6.1 percent), and fruit and vegetables, with lettuce prices increasing 91 percent. On the flip side, prices of meat, poultry, & fish declined 1.7 percent. On a monthly basis, overall food prices increased 1.3 percent after inching up 0.1 percent in the month, nudged by a 14 percent increase in prices of yoghurt. source: Statistics New Zealand

Food Inflation in New Zealand averaged 5.48 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 March of 2021.

Food Inflation in New Zealand is expected to be 3.80 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 3.10 in 12 months time. In the long-term, the New Zealand Food Inflation is projected to trend around 2.50 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
New Zealand Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.90 25.20 -2.00 1961 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 09:45 PM Oct 2.7% 3.1%
2020-12-10 09:45 PM Nov 2.6% 2.7%
2021-01-14 09:45 PM Dec 2.9% 2.6% 2.5%
2021-02-11 09:45 PM Jan 2.1% 2.9% 3.2%
2021-03-10 09:45 PM Feb 2.1%
2021-04-14 10:45 PM Mar
2021-05-12 10:45 PM Apr
2021-06-14 10:45 PM May


News Stream
New Zealand Food Inflation Softens
Food prices in New Zealand increased by 2.1 percent year-on-year in January of 2021 from 2.9 percent in the previous month. Main contributors were prices of restaurant meals and ready-to-eat food (lunch prices up 6.1 percent), and fruit and vegetables, with lettuce prices increasing 91 percent. On the flip side, prices of meat, poultry, & fish declined 1.7 percent. On a monthly basis, overall food prices increased 1.3 percent after inching up 0.1 percent in the month, nudged by a 14 percent increase in prices of yoghurt.
2021-02-11
New Zealand Food Inflation Rises Further
Food prices in New Zealand increased to 2.9 percent year-on-year in December of 2020 from 2.6 percent in the previous month. It was a three-month high, mainly nudged by an increase in grocery foods (1.8 percent vs 0.5 percent), more than offsetting declines in prices of fruits and vegetables (8.9 percent vs 9.6 percent), restaurant meals and ready-to-eat foods (3.8 percent vs 3.9 percent). Meanwhile, prices of meat, poultry & fish declined by 0.7 percent after climbing 0.7 percent. On a monthly basis, overall food prices were up 0.1 percent after dropping 0.9 percent in the month. After seasonal adjustments, prices increased 0.5 percent on a monthly basis.
2021-01-14
New Zealand Food Inflation Edges Down
Food prices in New Zealand decreased to 2.6 percent year-on-year in November of 2020 from 2.7 percent in the previous month. It was the lowest annual food price increase in almost a year. Prices of fruit and vegetables rose 9.6 percent after increasing 10 percent in October, while prices for restaurant meals and ready-to-eat foods increased 3.9 percent after rising 3.4 percent. Meanwhile, prices of groceries rose 0.5 percent after increasing 0.7 percent and those of meat, poultry & fish rose by 0.7 percent after climbing 1 percent. On a monthly basis, overall food prices were down 0.9 percent in the month. Excluding the effects of fruit and vegetables, food prices were down 0.1 percent.
2020-12-10
New Zealand Food Inflation Drops to 2.7%
Food prices in New Zealand decreased to 2.7 percent year-on-year in October of 2020 from 3.1 percent in the previous month. It was the lowest annual food price increase in almost a year. Prices of fruit and vegetables rose 10 percent after increasing 11 percent in September, while prices for restaurant meals and ready-to-eat foods increased 3.4 percent after rising 3.6 percent. In addition, prices of groceries rose 0.7 percent after increasing 1 percent and those of meat, poultry & fish rose by 1 percent after climbing 1.9 percent. On a monthly basis, overall food prices were down 0.7 percent in the month. Excluding the effects of fruit and vegetables, food prices were up about 0.1 percent.
2020-11-12

New Zealand Food Inflation
In New Zealand, the food price index (FPI) measures the changes in prices that households pay for food.