New Zealand data: FPI -0.1% in November (prior -0.9%)

New Zealand Food Price Index for November 2024 is -0.1%

• prior was -0.9%

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

Earlier from NZ:

• New Zealand November services PMI improves but remains in contraction at 49.5 (prior 46.2)

NZD/USD is little changed around 0.5754.

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