New Zealand food prices fell 0.3 percent in October
compares with -0.4% in September+4.7% y/y
—
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 ZealandFPI makes up around 19% of the kiwi CPIthe FPI tracks the prices of a basket of food items that represent the typical spending patterns of New Zealand householdsthe 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 investinglive.com.