New Zealand food prices fell 0.3 percent in October
- compares with -0.4% in September
- +4.7% y/y
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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
- FPI makes up around 19% of the kiwi CPI
- 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
This article was written by Eamonn Sheridan at investinglive.com.