New Zealand data - Food Price Index (June) +1.6% m/m (expected +1.5%)

FPI up 1.6% m/m in June 2023

• expected +1.5%, rpior +0.3%

---

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