New Zealand March data – food price inflation and retail sales both down

NZD/USD is barely changed

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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

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Electronic Card Sales:

• Data for purchases made in New Zealand on debit, credit and store cards.
• Card spending data covers around 68% of core retail sales in NZ.
• Its used as the main retail sales indicator for the country.

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