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.

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New Zealand Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
2.80 1.80 25.20 -2.00 1961 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-14 10:45 PM Mar 0.5% 1.2%
2021-05-12 10:45 PM Apr 0.7% 0.5% -0.5%
2021-06-14 10:45 PM May 1.8% 0.7% 1.3%
2021-07-12 10:45 PM Jun 2.8% 1.8% 1.5%
2021-08-11 10:45 PM Jul 2.8% 2.5%
2021-09-12 10:45 PM Aug
2021-10-12 10:00 PM Sep
2021-11-12 09:45 PM Oct


News Stream
New Zealand Food Inflation Hits 6-Month High
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.
2021-07-12
New Zealand Food Inflation Hits Four-Month High
Food prices in New Zealand increased 1.8 percent year-on-year in May of 2021 from 0.7 percent in the previous month. It was the highest reading since May of 2019, as prices rebounded for meat, poultry & fish (0.2 percent vs -2.2 percent in April) and non-alcoholic beverages (0.3 percent vs -3.4 percent) while they dropped at a softer pace for grocery food (-0.1 percent vs -1.3 percent). On a monthly basis, overall food prices were up 0.4 percent following a 1.1 percent gain in April.
2021-06-14
New Zealand Food Inflation Edges Up
Food prices in New Zealand increased to 0.7 percent year-on-year in April of 2021 from 0.3 percent in the previous month. fruits and vegetables prices advanced faster (6.0 percent vs 2.3 percent in March) while meat, poultry & fish cost fell at a softer pace (-2.2 percent vs -3.0 percent). On the other hand, prices dropped further for grocery food (-1.3 percent vs -1.1 percent) and non-alcoholic beverages (-3.4 percent from a flat reading). On a monthly basis, overall food prices were up 1.1 percent following a flat reading in March.
2021-05-12
NZ Food Inflation Falls to Lowest Level Since 2019
Food prices in New Zealand decreased to 0.5 percent year-on-year in March of 2021 from 1.2 percent in the previous month. It was the smallest annual food inflation since June of 2019, as prices slowed for fruit and vegetables (2.3 percent vs 5.1 percent in February) and restaurant meals and ready-to-eat food (3.6 percent vs 3.7 percent). Also, prices continued to fall for meat, poultry and fish (-3.0 percent vs -2.4 percent) and grocery food (-1.1 percent vs -0.6 percent). On a monthly basis, overall food prices were flat in March, following a 0.9 percent drop in the prior month.
2021-04-14

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