New Zealand food price index for July -0.5% versus 1.6% last month

<ul><li>Prior month 1.6%</li><li>New Zealand FPI index for July -0.5%</li><li>YoY food prices increased 9.6% </li></ul><p>In July 2023 compared with June 2023:</p><ul><li>fruit and vegetables prices fell -4.1% (down 7.8 percent after seasonal adjustment)</li><li>meat, poultry, and fish prices fell -0.3%</li><li>grocery food prices rose +0.2%</li><li>non-alcoholic beverage prices fell -0.1%</li><li>restaurant meals and ready-to-eat food prices rose +0.4%</li></ul><p>YoY in July 2023 compared with July 2022:</p><ul><li>fruit and vegetables prices increased +6.2%</li><li>meat, poultry, and fish prices increased +9.3%</li><li>grocery food prices increased +11.9%</li><li>non-alcoholic beverage prices increased +9.1%</li><li>restaurant meals and ready-to-eat food prices increased +8.9%</li></ul><p>For the full report <a href="https://www.stats.govt.nz/information-releases/food-price-index-july-2023/" target="_blank" rel="nofollow">CLICK HERE</a></p>

This article was written by Greg Michalowski at www.forexlive.com.