Food prices in New Zealand increased 2.4 percent year-on-year in December of 2019, unchanged from the previous month. Prices slowed for the grocery food (0.8 percent vs 1.9 percent in November) and meat, poultry & fish (4.2 percent vs 4.7 percent). In contrast, prices increased at a faster pace for fruit & vegetables (3.6 percent vs 0.4 percent), non-alcoholic beverages (1.9 percent vs 1 percent), and restaurant meats & ready-to-go food (3.5 percent vs 3.3 percent). On a monthly basis, food prices declined 0.2 percent, after falling 0.7 percent in November. Food Inflation in New Zealand averaged 5.52 percent from 1961 until 2019, reaching an all time high of 25.20 percent in March of 1980 and a record low of -2 percent in June of 2010. source: Statistics New Zealand

Food Inflation in New Zealand is expected to be 2.00 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 1.60 in 12 months time. In the long-term, the New Zealand Food Inflation is projected to trend around 1.70 percent in 2020, 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

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.40 25.20 -2.00 1961 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-09 09:45 PM Sep 2.2% 2.1% 1.8%
2019-11-12 09:45 PM Oct 2.5% 2.2% 2%
2019-12-11 09:45 PM Nov 2.4% 2.5% 2.1%
2020-01-14 09:45 PM Dec 2.4% 2.4% 2.2%
2020-02-13 09:45 PM Jan 2.4% 2.2%


News Stream
2019-12-11
New Zealand Food Inflation Ticks Down to 2.4%
Food prices in New Zealand increased 2.4 percent year-on-year in November of 2019, easing from a 2.5 percent rise in the previous month. Prices slowed for the grocery food (1.9 percent vs 2.1 percent in October), namely cakes & biscuits (3.8 percent vs 7.2 percent); non-alcoholic beverages (1 percent vs 2.7 percent); and restaurant meats & ready-to-go food (3.3 percent vs 3.4 percent). In contrast, cost of fruit & vegetables rebounded (0.4 percent vs -0.2 percent), and prices advanced further for meat, poultry & fish (4.7 percent vs 4.2 percent), in particular meant & poultry (4.5 percent vs 4.3 percent). On a monthly basis, food prices declined 0.7 percent, after falling 0.3 percent in October.

2019-11-12
New Zealand Food Inflation Rises Further
Food prices in New Zealand increased 2.5 percent year-on-year in October of 2019, after a 2.2 percent rise in the previous month. It was the highest inflation since October 2017 and was mainly nudged by restaurant meals and ready-to-eat foods (up 3.4 percent) and grocery food (up 2.1 percent). Meanwhile, meat, poultry, and fish prices also increased 4.2 percent, as bacon prices jumped 24 percent following the outbreak of African swine fever in China, while ham prices rose 22 percent. In contrast, fruit and vegetables were the only group to decrease (-0.2 percent). On a monthly basis, food prices declined 0.3 percent after remaining flat in September.

2019-10-09
New Zealand Food Inflation at Near 1-1/2-Year High
Food prices in New Zealand increased 2.2 percent year-on-year in September of 2019, after a 2.1 percent rise in the previous month. It was the highest food inflation since April last year, as cost advanced further for restaurant meals & ready-to-eat food (3.3 percent vs 3.1 percent in August), namely takeaway food (5.8 percent); and non-alcoholic beverages (1.9 percent vs 1.2 percent). Additionally, prices of fruit & vegetable dropped less (-1 percent vs -4.6 percent). On the other hand, cost slowed for meat, poultry & fish (5.3 percent vs 8.0 percent) and grocery food (1.6 percent vs 2 percent). On a monthly basis, food prices were flat, following a 0.7 percent gain in the prior month.

2019-09-11
New Zealand Food Inflation Jumps to 16-Month High
Food prices in New Zealand increased 2.1 percent year-on-year in August of 2019, after a 0.9 percent rise in the previous month. It was the highest food inflation since April last year, as prices advanced further for meat, poultry & fish (8 percent vs 5.4 percent in July); restaurant meals & ready-to-eat food (3.1 percent vs 3 percent). In addition, cost of non-alcoholic beverages rebounded (1.2 percent vs -1.1 percent) and prices of fruit & vegetables fell less (-4.6 percent vs -9.3 percent). On the other hand, grocery food prices slowed (2 percent vs 2.1 percent), namely bread & cereals (2.3 percent vs 2.9 percent) and oil & fats (-3.1 percent vs -0.4 percent). On a monthly basis, food prices went up 0.7 percent, easing from a 1.1 percent increase in the prior month.

2019-08-12
New Zealand Food Inflation Rises to 0.9% in July
Food prices in New Zealand increased 0.9 percent year-on-year in July of 2019, after a 0.5 percent rise in the previous month. Prices advanced faster for meat, poultry & fish (5.4 percent vs 2.8 percent in June) and for grocery food (2.1 percent vs 1.8 percent). On the other hand, restaurant meals cost slowed (3.0 percent vs 3.4 percent) while prices continued to decline for fruit & vegetables (-9.3 percent vs -8.8 percent) and non-alcoholic beverages (-1.1 percent vs -0.8 percent). On a monthly basis, food prices went up 1.1 percent, rebounding from a 0.7 percent drop in June.

2019-07-09
New Zealand Food Inflation Slows to 0.5% in June
Food prices in New Zealand increased 0.5 percent year-on-year in June of 2019, slowing from a 1.7 percent rise in the previous month. It was the lowest food inflation rate in seven months, mostly due to cost of fruits and vegetables (-8.8 percent vs -1.4 percent in May) and non-alcoholic beverages (-0.8 percent vs 0.7 percent). In contrast, prices advanced further for restaurant meals (3.4 percent vs 3.2 percent); meat, poultry & fish (2.8 percent vs 2.7 percent); and grocery (1.8 percent vs 1.7 percent). On a monthly basis, food prices went down 0.7 percent after a 0.7 percent in the prior month.


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

New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.70 44.00 -15.30 percent [+]
Inflation Rate Mom 0.70 0.60 8.90 -4.10 percent [+]
Consumer Price Index CPI 1039.00 1032.00 1039.00 16.50 points [+]
Core Consumer Prices 1039.00 1032.00 1039.00 512.60 points [+]
Core Inflation Rate 1.50 1.70 7.91 0.00 percent [+]
GDP Deflator 1220.00 1208.00 1220.00 590.00 points [+]
Producer Prices 1164.00 1154.00 1164.00 165.78 points [+]
Export Prices 1233.00 1210.00 1269.00 85.30 points [+]
Import Prices 843.00 843.00 1128.00 70.43 points [+]
Inflation Expectations 1.80 1.86 8.30 1.60 percent [+]
Cpi Housing Utilities 1073.00 1060.00 1073.00 536.80 points [+]
CPI Transportation 1028.00 1023.00 1099.90 743.20 points [+]
Food Inflation 2.40 2.40 25.20 -2.00 percent [+]