Food price inflation in New Zealand accelerated to 7.4% year-on-year in July of 2022 from 6.6% in the previous month, the highest since March. Prices advanced faster for fruit and vegetables (10.4% vs 5.5% in June), meat, poultry, and fish (7.7% vs 6.8%) and restaurant meals and ready to order food (6.6% vs 6.3%). On the other hand, cost slowed in grocery stores (7.5% vs 7.6%) and for non-alcoholic beverages (4.6% vs 4.8%). On a monthly basis, food prices rose 2.1 percent, picking up from a 1.2 increase in June. source: Statistics New Zealand

Food Inflation in New Zealand averaged 5.44 percent from 1961 until 2022, 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 August of 2022.

Food Inflation in New Zealand is expected to be 1.30 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 2023, according to our econometric models.

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New Zealand Food Inflation



Calendar GMT Actual Previous Consensus TEForecast
2022-07-12 10:45 PM Jun 6.6% 6.8% 6.3%
2022-08-11 10:45 PM Jul 7.4% 6.6% 6.5%
2022-09-12 10:45 PM Aug 7.4%


Related Last Previous Unit Reference
Inflation Rate 7.30 6.90 percent Jun 2022
Inflation Rate Mom 1.70 1.80 percent Jun 2022
Consumer Price Index CPI 1161.00 1142.00 points Jun 2022
Core Consumer Prices 1147.00 1132.00 points Jun 2022
GDP Deflator 1330.00 1303.00 points Mar 2022
Producer Prices 1302.00 1257.00 points Mar 2022
Export Prices 1475.00 1368.00 points Mar 2022
Import Prices 967.00 902.00 points Mar 2022
Food Inflation 7.40 6.60 percent Jul 2022
CPI Transportation 1227.00 1199.00 points Jun 2022
CPI Housing Utilities 1240.00 1212.00 points Jun 2022

New Zealand Food Inflation
In New Zealand, the food price index (FPI) measures the changes in prices that households pay for food.
Actual Previous Highest Lowest Dates Unit Frequency
7.40 6.60 25.20 -2.00 1961 - 2022 percent Monthly

News Stream
New Zealand Food Inflation Rises to 4-Month High
Food price inflation in New Zealand accelerated to 7.4% year-on-year in July of 2022 from 6.6% in the previous month, the highest since March. Prices advanced faster for fruit and vegetables (10.4% vs 5.5% in June), meat, poultry, and fish (7.7% vs 6.8%) and restaurant meals and ready to order food (6.6% vs 6.3%). On the other hand, cost slowed in grocery stores (7.5% vs 7.6%) and for non-alcoholic beverages (4.6% vs 4.8%). On a monthly basis, food prices rose 2.1 percent, picking up from a 1.2 increase in June.
2022-08-11
New Zealand Food Inflation Eases in June
Food price inflation in New Zealand eased to 6.8% year-on-year in June of 2022 from 6.8% in the previous month. Prices rose at a slower pace for fruit and vegetables (5.5% vs 10% in May) and meat, poultry, and fish (6.8% vs 7%). On the other hand, inflation continued to pick up in grocery stores (7.6% vs 7.5%) and restaurant meals and ready to order food (6.3% vs 6%). On a monthly basis, food prices were up by 1.2 percent, accelerating from the 0.7 percent rise in the prior period.
2022-07-12
New Zealand May Food Inflation Rises to 6.8%
Food price inflation in New Zealand rose to 6.8% year-on-year in May of 2022, up from 6.4% in the previous month. The largest positive contributions came from prices of grocery food including yoghurt, milk, and cheese (7.4% vs 6.4% in April), and restaurant meals and ready-to-eat food (6% vs 5.3%). Prices also continued to climb for fruit and vegetables (10% vs 9.4%). On a monthly basis, food prices were up 0.7%, following a 0.1% uptick in the previous month.
2022-06-13