Food prices in New Zealand jumped to 4.1 percent in June of 2020 from 2.9 percent in the previous month. Cost advanced faster for fruit and vegetables (10 percent vs 3.6 percent in May); met, poultry and fish (3.9 percent vs 2.9 percent); grocery food (3.0 percent vs 2.8 percent); and non-alcoholic beverages (1.4 percent vs 0.8 percent). On the other hand, restaurant meals and ready-to-eat food prices slowed to 3.5 percent, from 3.6 percent in the precious month. On a monthly basis, food prices rebounded 0.5 percent, after a 0.8 percent decline in May.

Food Inflation in New Zealand averaged 5.50 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 August of 2020. source: Statistics New Zealand

Food Inflation in New Zealand is expected to be 3.50 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 2.50 in 12 months time. In the long-term, the New Zealand Food Inflation is projected to trend around 2.10 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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New Zealand Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
4.10 2.90 25.20 -2.00 1961 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 10:45 PM Mar 3.3% 3.1% 2.7%
2020-05-19 10:45 PM Apr 4.4% 3.3% 3%
2020-06-14 10:45 PM May 2.9% 4.4% 4.2%
2020-07-12 10:45 PM Jun 4.1% 2.9% 3.1%
2020-08-12 10:45 PM Jul 4.1%
2020-09-11 10:45 PM Aug
2020-10-09 09:45 PM Sep 3.5%
2020-11-12 09:45 PM Oct


News Stream
New Zealand Food Price Inflation Accelerates
Food prices in New Zealand jumped to 4.1 percent in June of 2020 from 2.9 percent in the previous month. Cost advanced faster for fruit and vegetables (10 percent vs 3.6 percent in May); met, poultry and fish (3.9 percent vs 2.9 percent); grocery food (3.0 percent vs 2.8 percent); and non-alcoholic beverages (1.4 percent vs 0.8 percent). On the other hand, restaurant meals and ready-to-eat food prices slowed to 3.5 percent, from 3.6 percent in the precious month. On a monthly basis, food prices rebounded 0.5 percent, after a 0.8 percent decline in May.
2020-07-12
New Zealand Food Inflation at 5-Month Low
Food prices in New Zealand eased to 2.9 percent in May of 2020 from 4.4 percent in the previous month. It was the lowest food inflation since December of 2019, as cost slowed for grocery food (2.8 percent vs 4.2 percent in April); met, poultry and fish (2.9 percent vs 6.2 percent) and non-alcoholic beverages (0.8 percent vs 4.7 percent). On the other hand, fruit and vegetables prices rose at a softer pace (3.6 percent vs 2.7 percent). On a monthly basis, food prices dropped 0.8 percent, after a 1.0 percent gain in April.
2020-06-14
New Zealand Food Inflation Rises to Over 8-Year High
Food prices in New Zealand rose 4.4 percent year-on-year in April 2020, following a 3.3 percent gain in the previous month. It was the highest food inflation rate since September 2011, as cost of potato jumped 38 percent, amid higher demand from supermarkets and a shortage of workers due to the coronavirus lockdown restrictions. In addition, cost of fruit & vegetable rebounded (2.7 percent vs -1 percent in March); and prices went up further for grocery food (4.2 percent vs 3.2 percent in March); and non-alcoholic beverages (4.7 percent vs 1.6 percent). Meanwhile, prices of meat, poultry, and fish slowed (6.2 percent vs 7.5 percent). On a monthly basis, food prices went up 1 percent, after a 0.7 percent gain in the prior month. Stats NZ has adopted different approaches to methodology for April due to the covid-19 outbreak. This month the statistical website suppressed the restaurant meals and ready-to-eat food indexes due to businesses closures.
2020-05-20
New Zealand Food Inflation Climbs to 3.3% YoY
Food prices in New Zealand increased 3.3 percent year-on-year in March 2020 following a 3.1 percent jump in the previous month. Prices were mainly nudged higher by the meat, poultry, and fish subgroup, up 7.5 percent from 6.1 percent in February, as prices for preserved and processed meat jumped 12.2 percent (vs 11.9 percent) and those for beef increased 9.6 percent (vs 5.8 percent). Inflation for the restaurant meals subgroup also climbed (3.9 percent vs 3.7 percent). In contrast, prices for fruit & vegetables declined 1 percent after falling 0.3 percent, with fruits explaining the decline (-4.2 percent vs +3.4 percent). On a monthly basis, prices climbed 0.7 percent after remaining unchanged in February.
2020-04-14

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