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. 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 June of 2022.
Food Inflation in New Zealand is expected to be 1.80 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.