New Zealand Food Price Index for April 2025

+0.8% m/m

• prior +0.5%

+3.7% y/y

• prior +3.5%

This data was out earlier. I didn’t post it due to the oil news:

• Media reports that Iran is ready to sign an agreement for relief from sanctions
• More on “Iran is ready to sign a nuclear deal” if sanctions lifted

Oil update while we’re here:

—

The New Zealand Food Price Index (FPI) 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
• the FPI is an important indicator of inflation in New Zealand, as food prices account for a significant portion of household expenditure

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

Source link