Food prices in New Zealand increased 3.7 percent year-on-year in October of 2021, easing from a 13-month high of 3.9 percent rise hit in September of 2021. The rate of inflation eased mainly for fruit and vegetables (9.0 percent vs 9.3 percent in September), while restaurant meals and ready-to-eat food (5 percent vs 4.6 percent), and grocery food (3.1 percent vs 2.9 percent) observed higher prices increase. On a monthly basis, food prices went down 0.9 percent, offsetting an 0.5 percent increase in the previous period. source: Statistics New Zealand

Food Inflation in New Zealand averaged 5.44 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 December of 2021.

Food Inflation in New Zealand is expected to be 2.30 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 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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New Zealand Food Inflation


Calendar GMT Actual Previous Consensus TEForecast
2021-10-12 09:45 PM Sep 4% 2.4%
2021-11-10 09:45 PM Oct 3.7% 4% 5%
2021-12-11 09:45 PM Nov 3.7%


Related Last Previous Unit Reference
Inflation Rate 4.90 3.30 percent Sep/21
Inflation Rate Mom 2.20 1.30 percent Sep/21
Consumer Price Index CPI 1106.00 1082.00 points Sep/21
Core Consumer Prices 1102.00 1080.00 points Sep/21
GDP Deflator 1269.00 1249.00 points Jun/21
Producer Prices 1242.00 1222.00 points Sep/21
Export Prices 1274.00 1176.00 points Jun/21
Import Prices 835.00 796.00 points Jun/21
Food Inflation 3.70 4.00 percent Oct/21
CPI Transportation 1117.00 1072.00 points Sep/21
CPI Housing Utilities 1167.00 1137.00 points Sep/21

News Stream
New Zealand Food Inflation Eases From 13-Month High
Food prices in New Zealand increased 3.7 percent year-on-year in October of 2021, easing from a 13-month high of 3.9 percent rise hit in September of 2021. The rate of inflation eased mainly for fruit and vegetables (9.0 percent vs 9.3 percent in September), while restaurant meals and ready-to-eat food (5 percent vs 4.6 percent), and grocery food (3.1 percent vs 2.9 percent) observed higher prices increase. On a monthly basis, food prices went down 0.9 percent, offsetting an 0.5 percent increase in the previous period.
2021-11-10
New Zealand Food Inflation Hits 13-Month High
Food prices in New Zealand surged 4 percent year-on-year in September of 2021, accelerating from a 2.8 percent rise in the previous month. It was the highest food inflation rate since August of 2020, with main upward pressure coming from higher prices for fruit and vegetables (up 9.3 percent), restaurant meals and ready-to-eat food (up 4.6 percent), and grocery food (up 2.9 percent). The annual increase in fruit and vegetable prices was mainly influenced by higher prices for tomatoes (up 23 percent), lettuce (up 52 percent), and grapes (up 28 percent). These were partly offset by decreasing prices for kumara (down 44 percent) and avocados (down 34 percent). On a monthly basis, food prices went up 0.5 percent.
2021-10-12
New Zealand Food Inflation Slows in August
Food prices in New Zealand increased 2.4 percent year-on-year in August of 2021, slowing from 2.8 percent in each of the previous two months. Main upward pressure came from higher prices for restaurant meals and ready-to-eat foods (up 4.6 percent), grocery food (up 1.9 percent), meat, poultry, and fish (up 2.2 percent), and fruit and vegetables (up 2.1 percent). On a monthly basis, food prices rose 0.3 percent in easing from a 1.3 percent rise in July.
2021-09-12

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