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 July 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
New Zealand Food Inflation



Calendar GMT Actual Previous Consensus TEForecast
2022-05-11 10:45 PM Apr 6.4% 7.6% 7.3%
2022-06-13 10:45 PM May 6.8% 6.4% 6.7%
2022-07-12 10:45 PM Jun 6.8%


Related Last Previous Unit Reference
Inflation Rate 6.90 5.90 percent Mar 2022
Inflation Rate Mom 1.80 1.40 percent Mar 2022
Consumer Price Index CPI 1142.00 1122.00 points Mar 2022
Core Consumer Prices 1132.00 1115.00 points Mar 2022
GDP Deflator 1330.00 1303.00 points Mar 2022
Producer Prices 1302.00 1256.00 points Mar 2022
Export Prices 1475.00 1368.00 points Mar 2022
Import Prices 967.00 902.00 points Mar 2022
Food Inflation 6.80 6.40 percent May 2022
CPI Transportation 1199.00 1161.00 points Mar 2022
CPI Housing Utilities 1212.00 1190.00 points Mar 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
6.80 6.40 25.20 -2.00 1961 - 2022 percent Monthly

News Stream
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
New Zealand Food Inflation Eases From 10-Year High
Food price inflation in New Zealand eased to 6.4% year-on-year in April of 2022, from a ten-year high of 7.6% in the previous month. Prices slowed mostly for fruit and vegetables (9.4% vs 18% in March); meat, poultry, and fish (8.1% vs 8.7%) and grocery food (6.4% vs 6.7%). On the opposite side, prices rose faster for restaurant meals and ready-to-eat food (5.3% vs 5.1%) and non-alcoholic beverages (2.8% vs 2.7%). On a monthly basis, food prices were up 0.1%, following a 0.7% increase in the previous month.
2022-05-11
New Zealand Food Inflation at Over 10-Year High
Food prices in New Zealand increased 7.6% year-on-year in March 2022, accelerating from a 6.8% gain in the previous month and rising at its fastest pace since July 2011. Food price increased in all categories including: fruit and vegetable (18%), meat, poultry & fish (8.7%), grocery food (6.7%), restaurant meals & ready-to-eat food (5.1%) and non-alcoholic beverage (2.7%). “Average prices for vegetables like tomatoes, broccoli, iceberg lettuce, and cabbage were notably higher than they were in March 2020 and 2021,” consumer prices manager Katrina Dewbery said. “There were also higher prices for dairy products like two-liter bottles of standard milk and one-kilo blocks of mild cheese.” These increases were partly offset by decreasing prices for avocados, boxed chocolates, and bacon.
2022-04-14