New Zealand – Food price index for August: +0.3% m/m (prior was -0.7%)

• New Zealand – Food price index for August: +0.3% m/m
• New Zealand – Food price index for August: +0.7% y/y ( was -0.1% prior)

The FPI measures the rate of price change of food and food services purchased by households.

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A couple of interesting points …:

• Prices also fell for cakes and biscuits (down 3.9 percent)
• Price decreases for ……. chocolate

The implications of this are quite clear.

We now know where Mike is going for his holidays.