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New Zealand food price index 0.5% m/m in September (prior 0.2%)

  • October 10, 2024
  • -FCHFX

October 10, 2024 at 10:47PM
New Zealand data, adding to the awful PMI just released:

New Zealand manufacturing PMI for September improves to a still dire 46.9 (prior 46.1)

Bad dat from New Zealand is not a surprise, but a tick up in this inflation measure is not welcome.

—

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

This article was written by Eamonn Sheridan at www.forexlive.com.

New Zealand food price index 0.5% m/m in September (prior 0.2%)
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