New Zealand food prices drop 0.9% in October 2023, impacting Inflation ...Middle East

New Zealand Food Price Index (FPI) fell 0.9% m/m in October 2023prior -0.4%for the y/y +7.1% Food prices make up nearly 19% of the NZ consumer price index, and thus the FPI is an important indicator of inflation in the country.---The Index 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 This article was written by Eamonn Sheridan at www.forexlive.com.

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