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. Food Inflation in New Zealand averaged 5.54 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.

Food Inflation in New Zealand is expected to be 1.80 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 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.

New Zealand Food Inflation
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-12 10:45 PM Food Inflation YoY Apr 1.0% 1.2% 1%
2019-06-13 10:45 PM Food Inflation YoY May 1.7% 1.0% 0.8%
2019-07-09 10:45 PM Food Inflation YoY Jun 0.5% 1.7% 1.1%
2019-08-12 10:45 PM Food Inflation YoY Jul 0.9% 0.5% 1%
2019-09-11 10:45 PM Food Inflation YoY Aug 0.9%
2019-10-09 09:45 PM Food Inflation YoY Sep 1.8%
2019-11-12 09:45 PM Food Inflation YoY Oct


New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.50 44.00 -15.30 percent [+]
Inflation Rate Mom 0.60 0.10 8.90 -4.10 percent [+]
Consumer Price Index CPI 1032.00 1026.00 1032.00 16.50 Index Points [+]
Core Consumer Prices 1032.00 1026.00 1032.00 512.60 Index Points [+]
Core Inflation Rate 1.70 1.40 7.91 0.00 percent [+]
GDP Deflator 1195.00 1190.00 1195.00 589.00 Index Points [+]
Producer Prices 1148.00 1158.00 1158.00 165.78 Index Points [+]
Export Prices 1173.00 1203.00 1269.00 85.30 Index Points [+]
Import Prices 829.00 859.00 1128.00 70.43 Index Points [+]
Inflation Expectations 1.86 2.01 8.30 1.60 percent [+]
Cpi Housing Utilities 1060.00 1053.00 1060.00 536.80 Index Points [+]
CPI Transportation 1023.00 1017.00 1099.90 743.20 Index Points [+]
Food Inflation 0.90 0.50 25.20 -2.00 percent [+]


New Zealand Food Inflation

In New Zealand, the food price index (FPI) measures the changes in prices that households pay for food. This page provides - New Zealand Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Food Inflation - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.50 25.20 -2.00 1961 - 2019 percent Monthly




Country Last Previous
Argentina 58.10 Jul/19
Australia 2.40 Jun/19
Brazil 4.13 Jul/19
Canada 3.50 Jun/19
China 9.10 Jul/19
Euro Area 1.30 Jun/19
France 3.00 Jul/19
Germany 1.80 Jul/19
India 2.36 Jul/19
Indonesia 4.85 Jul/19
Italy 0.80 Jul/19
Japan 1.40 Jun/19
Mexico 5.44 Jul/19
Netherlands 4.90 Jul/19
Russia 6.30 Jul/19
Saudi Arabia 1.30 Jun/19
Singapore 1.40 Jun/19
South Africa 3.70 Jun/19
South Korea 0.80 Jul/19
Spain 0.90 Jul/19
Switzerland -0.40 Jul/19
Turkey 18.21 Jul/19
United Kingdom 1.40 Jul/19
United States 1.80 Jul/19


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