New Zealand December Food Price Index -0.1% m/m (prior -0.2%)

<p>While core inflation is usually the most focus, the FPI in New Zealand can give the kiwi $ a bit of a wiggle from time to time. </p><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.