While food prices are viewed as non-core, they do make up just under 20% of the CPI in NZ.
- -06% m/m and +4.0% y/y
NZD little changed.
New Zealand Food Price (inflation) for November -0.6% m/m (vs. prior -0.9%)
- This data point can give NZD a small and transitory (cough) wiggle.
