Food prices in New Zealand decreased to 2.7 percent year-on-year in October of 2020 from 3.1 percent in the previous month. It was the lowest annual food price increase in almost a year. Prices of fruit and vegetables rose 10 percent after increasing 11 percent in September, while prices for restaurant meals and ready-to-eat foods increased 3.4 percent after rising 3.6 percent. In addition, prices of groceries rose 0.7 percent after increasing 1 percent and those of meat, poultry & fish rose by 1 percent after climbing 1.9 percent. On a monthly basis, overall food prices were down 0.7 percent in the month. Excluding the effects of fruit and vegetables, food prices were up about 0.1 percent. source: Statistics New Zealand

Food Inflation in New Zealand averaged 5.49 percent from 1961 until 2020, 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 November of 2020.

Food Inflation in New Zealand is expected to be 4.00 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 3.30 in 12 months time. In the long-term, the New Zealand Food Inflation is projected to trend around 3.10 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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New Zealand Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
2.70 3.10 25.20 -2.00 1961 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-12 10:45 PM Jul 4.2% 4.1%
2020-09-10 10:45 PM Aug 4.2% 4.2%
2020-10-12 10:00 PM Sep 3.1% 4.2% 4.1%
2020-11-12 09:45 PM Oct 2.7% 3.1%
2020-12-11 09:45 PM Nov 2.7%
2021-01-14 09:45 PM Dec
2021-02-13 09:45 PM Jan
2021-03-12 09:45 PM Feb


News Stream
New Zealand Food Inflation Drops to 2.7%
Food prices in New Zealand decreased to 2.7 percent year-on-year in October of 2020 from 3.1 percent in the previous month. It was the lowest annual food price increase in almost a year. Prices of fruit and vegetables rose 10 percent after increasing 11 percent in September, while prices for restaurant meals and ready-to-eat foods increased 3.4 percent after rising 3.6 percent. In addition, prices of groceries rose 0.7 percent after increasing 1 percent and those of meat, poultry & fish rose by 1 percent after climbing 1.9 percent. On a monthly basis, overall food prices were down 0.7 percent in the month. Excluding the effects of fruit and vegetables, food prices were up about 0.1 percent.
2020-11-12
New Zealand Food Inflation Drops to 3.1% YoY
Food prices in New Zealand decreased to 3.1 percent year-on-year in September of 202 from 4.2 percent in the previous month. Prices of fruit and vegetables rose 11 percent after increasing 18.9 percent in August, while costs of grocery food advanced 1 percent following a 1.6 percent rise, whereas prices of non-alcoholic beverages decreased 0.6 percent following a 1.1 percent rise. Also, inflation for restaurant meals & ready-to-eat food softened to 3.6 percent from 3.8 percent. In contrast, inflation of meat, poultry & fish jumped to 1.9 percent from 0.3 percent. On a monthly basis, food prices declined 1 percent in September after climbing 0.7 percent in August, dropping for the first time in our months.
2020-10-12
New Zealand Food Inflation Steady at 4.2% in August
Food prices in New Zealand increased by 4.2 percent year-on-year in August of 2020, the same pace as in the previous month. Prices of fruit and vegetables rose 18.9 percent, faster than a 18.6 percent gain in July boosted by tomatoes (+37 percent), potatoes (+37 percent), courgettes (+183 percent) and lettuce (+24 percent). Also, cost of grocery food advanced 1.6 percent, following a 1.3 percent rise, of which bread and cereals (+5 percent). Meanwhile, prices slowed for non-alcoholic beverages (1.1 percent vs 1.5 percent); restaurant meals and ready-to-eat food prices (3.8 percent vs 3.9 percent); and meat, poultry and fish (0.3 percent vs 1.7 percent). On a monthly basis, food prices went up 0.7 percent, easing from a 1.2 percent increase in the prior month.
2020-09-10
New Zealand Food Inflation Accelerates
Food prices in New Zealand jumped to 4.2 percent in July of 2020 from 4.1 percent in the previous month. Cost advanced faster for fruit and vegetables (19 percent vs 10 percent in June); non-alcoholic beverages (1.5 percent vs 1.4 percent), and restaurant meals and ready-to-eat food prices (3.9 percent vs 3.5 percent). In contrast, inflation softened for meat, poultry and fish (1.7 percent vs 3.9 percent), and grocery food (1.3 percent vs 3.0 percent). On a monthly basis, food prices climbed 1.2 percent, after a 0.5 percent increase in June.
2020-08-12

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