New Zealand data: January Food price index +0.9% m/m (vs. prior -0.1%)

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.---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 Zealandthe FPI tracks the prices of a basket of food items that represent the typical spending patterns of New Zealand householdsthe 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.

Feb 14, 2024 - 04:30
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New Zealand data: January Food price index +0.9% m/m (vs. prior -0.1%)

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.

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