New Zealand data - June Food Price Index +1.0% m/m (prior -0.2%)

New Zealand food prices in June 2024:

+1% m/m and -0.3% y/y

Food prices make up nearly 19% of New Zealand's consumer price index.

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We get the Q2 CPI data from NZ next week. Wednesday morning, July 17, New Zealand time:

• 10.45am This is TUESDAY at 2245 GMT and 1645 US Eastern time.

Earlier from NZ:

• BNZ forecast a November rate cut from the RBNZ (previously February)

• ANZ on what to watch for timing the first RBNZ interest rate cut. Spoiler, next week's CPI
• "We finally got a noticeable softening in tone" from the RBNZ, to cut in November