New Zealand food price index for May 2023 comes in at +0.3% m/m

  • expected +0.3%, prior +0.5%
  • for the y/y +12.1%

The New Zealand Food Price Index (FPI) is a measure of the changes in the average price of food items sold in New Zealand.

  • calculated and published monthly by Statistics New Zealand
  • the FPI tracks the prices of a basket of food items that represent the typical spending patterns of New Zealand households
  • the FPI is an important indicator of inflation in New Zealand, as food prices account for a significant portion of household expenditure and 19% of NZ CPI
New Zealand kiwi