Food prices in New Zealand increased 1.0 percent year-on-year in December of 2018, following a 0.4 percent gain in the previous month. It was the highest food inflation rate in 5 months, mainly driven by higher cost of meat, poultry & fish (3.8 percent compared to 3.2 percent in November) namely pork (8.4 percent compared to 6.9 percent) and fish & other seafood (7.0 percent compared to 3.9 percent). Also, prices of grocery food rose by 1.4 percent after remaining unchanged in November while cost of fruits & vegetables declined at a softer 6.1 percent after falling 6.7 percent in the prior month. On the other hand, prices of non-alcoholic beverages decreased by 0.2 percent (compared to 0.4 percent). On a monthly basis, food prices declined 0.2 percent, after decreasing 0.6 percent in November. Food Inflation in New Zealand averaged 5.59 percent from 1961 until 2018, reaching an all time high of 25.20 percent in March of 1980 and a record low of -2 percent in June of 2010.

Food Inflation in New Zealand is expected to be 0.20 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 1.80 in 12 months time. In the long-term, the New Zealand Food Inflation is projected to trend around 1.70 percent in 2020, according to our econometric models.

New Zealand Food Inflation
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-10 09:45 PM Food Inflation YoY 0.1% -0.1% 0.3%
2018-11-12 09:45 PM Food Inflation YoY 0.6% 0.1% 0.4%
2018-12-12 09:45 PM Food Inflation YoY 0.4% 0.6% 0.4%
2019-01-14 09:45 PM Food Inflation YoY 1.0% 0.4% 0.2%
2019-02-13 09:45 PM Food Inflation YoY 1.0%
2019-03-12 09:45 PM Food Inflation YoY
2019-04-10 10:45 PM Food Inflation YoY 0.7%


New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.50 44.00 -15.30 percent [+]
Inflation Rate Mom 0.90 0.40 8.90 -4.10 percent [+]
Consumer Price Index CPI 1024.00 1015.00 1024.00 16.50 Index Points [+]
Core Consumer Prices 1024.00 1015.00 1024.00 512.60 Index Points [+]
Core Inflation Rate 1.90 1.01 7.91 0.00 percent [+]
GDP Deflator 1190.00 1185.00 1192.00 589.00 Index Points [+]
Producer Prices 1140.00 1124.00 1140.00 165.78 Index Points [+]
Export Prices 1210.00 1183.00 1269.00 85.30 Index Points [+]
Import Prices 838.00 817.00 1128.00 70.43 Index Points [+]
Inflation Expectations 2.03 2.04 8.30 1.60 percent [+]
Cpi Housing Utilities 1042.00 1031.00 1042.00 536.80 Index Points [+]
CPI Transportation 1044.00 1020.00 1099.90 743.20 Index Points [+]
Food Inflation 1.00 0.40 25.20 -2.00 percent [+]


New Zealand Food Inflation

This page provides - New Zealand Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Food Inflation - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.40 25.20 -2.00 1961 - 2018 percent Monthly




Country Last Previous
Argentina 51.16 Dec/18
Australia 1.60 Sep/18
Brazil 4.04 Dec/18
Canada 2.90 Dec/18
China 2.50 Dec/18
Euro Area 1.20 Dec/18
France 2.50 Dec/18
Germany 1.00 Dec/18
India -2.51 Dec/18
Indonesia 3.41 Dec/18
Italy 0.80 Dec/18
Japan -1.10 Dec/18
Mexico 5.47 Dec/18
Netherlands 1.00 Dec/18
Russia 3.90 Nov/18
Saudi Arabia 7.70 Nov/18
Singapore 1.40 Nov/18
South Africa 3.40 Nov/18
South Korea 4.20 Dec/18
Spain 1.30 Dec/18
Switzerland 1.50 Dec/18
Turkey 25.11 Dec/18
United Kingdom 0.70 Dec/18
United States 1.60 Dec/18


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