New Zealand Food Price Index (April 2024) +0.6% (prior -0.5%)

While core inflation is usually the most focus, the FPI in New Zealand can give the kiwi $ a bit of a wiggle from time to time.

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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
• 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:

• New Zealand services PMI for April 47.1 (prior 47.5)

Still to come from NZ today:

• RBNZ inflation expectations

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