NZ food prices data for February fall 0.5% m/m (prior up 1.2%

Food price component of inflation (around 19% of the CPI) - data for Feb, from New Zealand

-0.5% m/m

• prior +1.2%

For the y/y, up 0.1%

NZD off a tic or two, this data often prompts a (small) forex response