- New Zealand – Food price index for August: +0.3% m/m
- New Zealand – Food price index for August: +0.7% y/y ( was -0.1% prior)
The FPI measures the rate of price change of food and food services purchased by households.
A couple of interesting points …:
- Prices also fell for cakes and biscuits (down 3.9 percent)
- Price decreases for ……. chocolate
The implications of this are quite clear.
We now know where Mike is going for his holidays.