New Zealand data – Food Price Index (August) +0.5% m/m (prior -0.5%)

<p>+8.9% y/y</p><ul><li>prior +9.6%</li></ul><p>—</p><p>The New Zealand Food Price Index (FPI) is a measure of the changes in the average price of food items sold in New Zealand.</p><ul><li>calculated and published monthly by Statistics New Zealand</li><li>the FPI tracks the prices of a basket of food items that represent the typical spending patterns of New Zealand households</li><li>the FPI is an important indicator of inflation in New Zealand, as food prices account for a significant portion of household expenditure</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.