New Zealand Food Price Index (FPI) for January 2025: +1.9% m/m (prior +0.1%)

New Zealand Food Price Index for January 2025 +1.9% m/m ... yeah, I did a double-take on that!

• prior +0.1%

more to come

The RBNZ meet next week ... a 50bp rate cut is expected ... huh ....

• Reserve Bank of New Zealand preview - likely the final 50bp interest rate cut

• New Zealand inflation expectations remained subdued in Q1 2025

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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