Food prices in New Zealand increased 3.5 percent year-on-year in January 2020, following a 2.4 percent gain in the previous month. It was the highest food inflation rate since September 2011, boosted by cost of meat, poultry & fish (6 percent vs 4.2 percent in December), as both beef mince (+13 percent) and blade steak (+8.2 percent) prices reached all-time highs, and bacon (+21 percent) and lamb (+14 percent) increased sharply. Also, cost of grocery food went up further (2.3 percent vs 0.8 percent), in particular milk, cheese and eggs (3.3 percent vs 1.4 percent). Meanwhile, prices slowed for restaurant and ready-to-eat meals (3.4 percent vs 3.5 percent); and fruit & vegetables (2.7 percent vs 3.6 percent), as vegetables prices dropped (-1.4 percent vs 1.2 percent). On a monthly basis, food prices advanced 2.1 percent, rebounding from a 0.2 percent decline in December.

Food Inflation in New Zealand averaged 5.51 percent from 1961 until 2020, 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. source: Statistics New Zealand

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 1.70 in 12 months time. In the long-term, the New Zealand Food Inflation is projected to trend around 1.70 percent in 2021, according to our econometric models.


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New Zealand Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
3.50 2.40 25.20 -2.00 1961 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
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 3.5% 2.4% 2.2%
2020-03-12 09:45 PM Feb 3.5% 2.7%
2020-04-14 10:45 PM Mar 1.8%
2020-05-12 10:45 PM Apr
2020-06-11 10:45 PM May


News Stream
New Zealand Food Inflation Jumps to Over 8-Year High
Food prices in New Zealand increased 3.5 percent year-on-year in January 2020, following a 2.4 percent gain in the previous month. It was the highest food inflation rate since September 2011, boosted by cost of meat, poultry & fish (6 percent vs 4.2 percent in December), as both beef mince (+13 percent) and blade steak (+8.2 percent) prices reached all-time highs, and bacon (+21 percent) and lamb (+14 percent) increased sharply. Also, cost of grocery food went up further (2.3 percent vs 0.8 percent), in particular milk, cheese and eggs (3.3 percent vs 1.4 percent). Meanwhile, prices slowed for restaurant and ready-to-eat meals (3.4 percent vs 3.5 percent); and fruit & vegetables (2.7 percent vs 3.6 percent), as vegetables prices dropped (-1.4 percent vs 1.2 percent). On a monthly basis, food prices advanced 2.1 percent, rebounding from a 0.2 percent decline in December.
2020-02-13
New Zealand Food Inflation Steady at 2.4% in December
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.
2020-01-14
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.
2019-12-11
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.
2019-11-12

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