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. Food Inflation in New Zealand averaged 5.53 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 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.

New Zealand Food Inflation
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Calendar GMT Actual Previous Consensus TEForecast
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 2.1% 0.9% 0.6%
2019-10-09 09:45 PM Food Inflation YoY Sep 2.2% 2.1% 1.8%
2019-11-12 09:45 PM Food Inflation YoY Oct 2.2% 2%
2019-12-11 09:45 PM Food Inflation YoY Nov


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 Index Points [+]
Core Consumer Prices 1039.00 1032.00 1039.00 512.60 Index Points [+]
Core Inflation Rate 1.50 1.70 7.91 0.00 percent [+]
GDP Deflator 1211.00 1196.00 1211.00 589.00 Index Points [+]
Producer Prices 1151.00 1148.00 1158.00 165.78 Index Points [+]
Export Prices 1212.00 1172.00 1269.00 85.30 Index Points [+]
Import Prices 843.00 829.00 1128.00 70.43 Index Points [+]
Inflation Expectations 1.86 2.01 8.30 1.60 percent [+]
Cpi Housing Utilities 1073.00 1060.00 1073.00 536.80 Index Points [+]
CPI Transportation 1028.00 1023.00 1099.90 743.20 Index Points [+]
Food Inflation 2.20 2.10 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.10 25.20 -2.00 1961 - 2019 percent Monthly




Country Last Previous
Argentina 56.90 Sep/19
Australia 2.40 Jun/19
Brazil 3.56 Sep/19
Canada 3.70 Sep/19
China 11.20 Sep/19
Euro Area 1.20 Sep/19
France 2.10 Sep/19
Germany 1.30 Sep/19
India 5.11 Sep/19
Indonesia 5.42 Sep/19
Italy 0.70 Sep/19
Japan 0.50 Sep/19
Mexico 3.90 Sep/19
Netherlands 4.80 Sep/19
Russia 5.60 Aug/19
Saudi Arabia 1.00 Aug/19
Singapore 1.60 Aug/19
South Africa 3.90 Aug/19
South Korea -4.10 Sep/19
Spain 0.90 Sep/19
Switzerland -0.30 Sep/19
Turkey 9.52 Sep/19
United Kingdom 1.80 Sep/19
United States 1.80 Sep/19


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