New Zealand food prices fall in m/m September: FPI -0.4% m/m

New Zealand food price index for September:

-0.4% m/m

• prior +0.5%

+0.8% y/y

Food prices make up nearly 19% of the NZ consumer price index.

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Earlier from New Zealand:

• RBNZ Gov. Orr says OCR will need to stay at restrictive levels for the foreseeable future