New Zealand Food Price Index (FPI) fell 0.9% m/m in October 2023
- prior -0.4%
- for the y/y +7.1%
Food prices make up nearly 19% of the NZ consumer price index, and thus the FPI is an important indicator of inflation in the country.
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The Index is a measure of the changes in the average price of food items sold in New Zealand
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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