Food prices in New Zealand climbed 0.6 percent year-on-year in October of 2018, following a 0.1 percent increase in the previous month. Higher inflation was mainly explained by the meat, poultry & fish subgroup (+2.6 percent vs +0.9 percent in September), as prices for mutton, lamb & hogget jumped 15.0 percent (vs +3.4 percent). In contrast, prices for the fruit & vegetable subgroup plunged 5.6 percent following a 7.1 percent decline in September, as prices for vegetables dropped 7.5 percent and those for fruits 2.5 percent. Meantime, inflation for the grocery food subgroup picked up (0.6 percent vs 0.2 percent), whereas prices for beverages climbed at a slower pace (1.0 percent vs 1.3 percent) and restaurant meals inflation stayed at 2.9 percent for the third month. On a monthly basis, food prices declined 0.6 percent after falling 0.1 percent. Food Inflation in New Zealand averaged 5.60 percent from 1961 until 2018, 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 0.60 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 1.70 percent in 2020, according to our econometric models.

New Zealand Food Inflation
width
height
Forecast Data Chart
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.


Calendar GMT Actual Previous Consensus TEForecast
2018-08-12 10:45 PM Food Inflation YoY 1.1% 0.2% 0.25%
2018-09-12 10:45 PM Food Inflation YoY -0.1% 1.1% 1.4%
2018-10-10 09:45 PM Food Inflation YoY 0.1% -0.1% 0.3%
2018-11-12 09:45 PM Food Inflation YoY 0.6% 0.1% 0.4%
2018-12-12 09:45 PM Food Inflation YoY 0.6% 0.4%
2019-01-15 09:45 PM Food Inflation YoY 0.60%
2019-02-13 09:45 PM Food Inflation YoY


New Zealand Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.50 44.00 -15.30 percent [+]
Inflation Rate Mom 0.90 0.40 8.90 -4.10 percent [+]
Consumer Price Index CPI 1024.00 1015.00 1024.00 16.50 Index Points [+]
Core Consumer Prices 1024.00 1015.00 1024.00 512.60 Index Points [+]
Core Inflation Rate 1.90 1.01 7.91 0.00 percent [+]
GDP Deflator 1183.00 1180.00 1190.00 589.00 Index Points [+]
Producer Prices 1140.00 1124.00 1140.00 165.78 Index Points [+]
Export Prices 1210.00 1183.00 1269.00 85.30 Index Points [+]
Import Prices 838.00 817.00 1128.00 70.43 Index Points [+]
Inflation Expectations 2.03 2.04 8.30 1.60 percent [+]
Cpi Housing Utilities 1042.00 1031.00 1042.00 536.80 Index Points [+]
CPI Transportation 1044.00 1020.00 1099.90 743.20 Index Points [+]
Food Inflation 0.60 0.10 25.20 -2.00 percent [+]


New Zealand Food Inflation

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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.10 25.20 -2.00 1961 - 2018 percent Monthly




Country Last Previous
Argentina 46.41 Oct/18
Australia 1.60 Sep/18
Brazil 4.13 Nov/18
Canada 2.00 Oct/18
China 2.50 Nov/18
Euro Area 1.60 Oct/18
France 1.90 Nov/18
Germany 1.90 Oct/18
India -0.86 Oct/18
Indonesia 4.25 Nov/18
Italy 1.10 Nov/18
Japan 2.40 Oct/18
Mexico 4.70 Nov/18
Netherlands 0.90 Nov/18
Russia 3.00 Oct/18
Saudi Arabia 7.30 Oct/18
Singapore 1.40 Oct/18
South Africa 3.40 Oct/18
South Korea 5.40 Nov/18
Spain 1.70 Oct/18
Switzerland 1.30 Nov/18
Turkey 25.66 Nov/18
United Kingdom 0.90 Oct/18
United States 1.20 Oct/18


Related

Latest