Food prices were 10.1 percent higher in October 2022 compared with October 2021, the highest annual increase since 2008. The increase was due to rises across all the broad food categories we measure. Compared with October 2021: grocery food prices increased by 9.7 percent; fruit and vegetable prices increased by 17 percent; restaurant meals and ready-to-eat food prices increased by 7.5 percent; meat, poultry, and fish prices increased by 10 percent; non-alcoholic beverage prices increased by 8.7 percent. Grocery food was the largest contributor to this movement. Increasing prices for barn-raised eggs, cheddar cheese, and two-minute noodles were the largest drivers within grocery food. source: Statistics New Zealand

Food Inflation in New Zealand averaged 5.46 percent from 1961 until 2022, reaching an all time high of 25.20 percent in March of 1980 and a record low of -2.00 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 November of 2022.

Food Inflation in New Zealand is expected to be 8.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Food Inflation is projected to trend around 3.20 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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New Zealand Food Inflation



Calendar GMT Actual Previous Consensus TEForecast
2022-10-12 09:45 PM Sep 8.3% 8.3% 8.9%
2022-11-10 09:45 PM Oct 10.1% 8.3% 8.2%
2022-12-11 09:45 PM Nov


Related Last Previous Unit Reference
Inflation Rate 7.20 7.30 percent Sep 2022
Inflation Rate MoM 2.20 1.70 percent Sep 2022
Consumer Price Index CPI 1186.00 1161.00 points Sep 2022
Core Consumer Prices 1147.00 1132.00 points Jun 2022
GDP Deflator 1348.00 1330.00 points Jun 2022
Producer Prices 1358.00 1336.00 points Sep 2022
Export Prices 1529.00 1474.00 points Jun 2022
Import Prices 1029.00 966.00 points Jun 2022
Food Inflation 10.10 8.30 percent Oct 2022
CPI Transportation 1248.00 1227.00 points Sep 2022
CPI Housing Utilities 1269.00 1240.00 points Sep 2022

New Zealand Food Inflation
In New Zealand, the food price index (FPI) measures the changes in prices that households pay for food.
Actual Previous Highest Lowest Dates Unit Frequency
10.10 8.30 25.20 -2.00 1961 - 2022 percent Monthly

News Stream
New Zealand Food Inflation Soars to 10.1%
Food prices were 10.1 percent higher in October 2022 compared with October 2021, the highest annual increase since 2008. The increase was due to rises across all the broad food categories we measure. Compared with October 2021: grocery food prices increased by 9.7 percent; fruit and vegetable prices increased by 17 percent; restaurant meals and ready-to-eat food prices increased by 7.5 percent; meat, poultry, and fish prices increased by 10 percent; non-alcoholic beverage prices increased by 8.7 percent. Grocery food was the largest contributor to this movement. Increasing prices for barn-raised eggs, cheddar cheese, and two-minute noodles were the largest drivers within grocery food.
2022-11-10
New Zealand Food Prices Maintain High YoY Increases
Food price inflation in New Zealand jumped 8.3% year-on-year in August 2022, maintaining the same YoY rate as in August. All food categories gained annually, namely: fruit & vegetables (16%), grocery food (7.7%), meat, poultry & fish (6.7%), restaurant meals & ready-to-eat food (6.9%) and non-alcoholic beverages (4.8%). Increasing prices for yogurt, two-minute noodles and tomato-based pasta sauce were the largest drivers within grocery food. The second-largest contributor to the annual movement was fruit & vegetables; the items within this group that influenced this movement the most were capsicums, tomatoes, and broccoli. Month on month food prices increased by 0.4%.
2022-10-12
New Zealand Food Inflation Hits 13-Year High
Food price inflation in New Zealand jumped 8.3% year-on-year in August 2022, accelerating sharply from a 7.4% gain in July and logging its highest increase since July 2009 when annual food prices surged 8.4%. All food categories gained annually, namely: fruit & vegetables (15%), grocery food (8.7%), meat, poultry & fish (7.6%), restaurant meals & ready-to-eat food (6.5%) and non-alcoholic beverages (4.1%). Grocery food was the largest contributor to the movement, driven by increasing prices for eggs, yoghurt and cheddar cheese. The second-largest contributor to the annual movement was fruit & vegetables amid higher prices for capsicums, potatoes and onions.
2022-09-12