Food prices in New Zealand decreased to 0.5 percent year-on-year in March of 2021 from 1.2 percent in the previous month. It was the smallest annual food inflation since June of 2019, as prices slowed for fruit and vegetables (2.3 percent vs 5.1 percent in February) and restaurant meals and ready-to-eat food (3.6 percent vs 3.7 percent). Also, prices continued to fall for meat, poultry and fish (-3.0 percent vs -2.4 percent) and grocery food (-1.1 percent vs -0.6 percent). On a monthly basis, overall food prices were flat in March, following a 0.9 percent drop in the prior month. source: Statistics New Zealand

Food Inflation in New Zealand averaged 5.46 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 May of 2021.

Food Inflation in New Zealand is expected to be 0.80 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 2.00 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.

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New Zealand Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
0.50 1.20 25.20 -2.00 1961 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-14 09:45 PM Dec 2.9% 2.6% 2.5%
2021-02-11 09:45 PM Jan 2.1% 2.9% 3.2%
2021-03-10 09:45 PM Feb 1.2% 2.1% 1.8%
2021-04-14 10:45 PM Mar 0.5% 1.2%
2021-05-12 10:45 PM Apr 0.5% -0.5%
2021-06-14 10:45 PM May
2021-07-12 10:45 PM Jun
2021-08-11 10:45 PM Jul


News Stream
NZ Food Inflation Falls to Lowest Level Since 2019
Food prices in New Zealand decreased to 0.5 percent year-on-year in March of 2021 from 1.2 percent in the previous month. It was the smallest annual food inflation since June of 2019, as prices slowed for fruit and vegetables (2.3 percent vs 5.1 percent in February) and restaurant meals and ready-to-eat food (3.6 percent vs 3.7 percent). Also, prices continued to fall for meat, poultry and fish (-3.0 percent vs -2.4 percent) and grocery food (-1.1 percent vs -0.6 percent). On a monthly basis, overall food prices were flat in March, following a 0.9 percent drop in the prior month.
2021-04-14
New Zealand Food Inflation Slows to 1.2% YoY
Food prices in New Zealand increased by 1.2 percent year-on-year in February of 2021 from 2.1 percent in the previous month. It was the smallest annual food price increase in over 18 months. The modest print was influenced by higher prices for restaurant meals and ready-to-eat food, up 3.7 percent (vs. 6.1 percent in January), being Thai and Indian the main contributors. In contrast, prices of meat, poultry & fish dropped 2.4 after declining 1.7 percent, as chicken prices fell 9 percent. On a monthly basis, overall food prices declined 0.9 percent after increasing 1.3 percent in the month, dragged by a 26 percent fall in prices of apples.
2021-03-10
New Zealand Food Inflation Softens
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.
2021-02-11
New Zealand Food Inflation Rises Further
Food prices in New Zealand increased to 2.9 percent year-on-year in December of 2020 from 2.6 percent in the previous month. It was a three-month high, mainly nudged by an increase in grocery foods (1.8 percent vs 0.5 percent), more than offsetting declines in prices of fruits and vegetables (8.9 percent vs 9.6 percent), restaurant meals and ready-to-eat foods (3.8 percent vs 3.9 percent). Meanwhile, prices of meat, poultry & fish declined by 0.7 percent after climbing 0.7 percent. On a monthly basis, overall food prices were up 0.1 percent after dropping 0.9 percent in the month. After seasonal adjustments, prices increased 0.5 percent on a monthly basis.
2021-01-14

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