Food prices in New Zealand increased by 2.1 percent year-on-year in January of 2021 from 2.9 percent in the previous month. Main contributors were prices of restaurant meals and ready-to-eat food (lunch prices up 6.1 percent), and fruit and vegetables, with lettuce prices increasing 91 percent. On the flip side, prices of meat, poultry, & fish declined 1.7 percent. On a monthly basis, overall food prices increased 1.3 percent after inching up 0.1 percent in the month, nudged by a 14 percent increase in prices of yoghurt. source: Statistics New Zealand
Food Inflation in New Zealand averaged 5.48 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 February of 2021.
Food Inflation in New Zealand is expected to be 3.80 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 3.10 in 12 months time. In the long-term, the New Zealand Food Inflation is projected to trend around 2.50 percent in 2022, according to our econometric models.