finance
New Zealand Food Price Index Holds Steady at 0.0% in April
New Zealand's food price inflation index showed no change in April from the prior month, according to Statistics New Zealand. The index recorded a 0.0% reading, compared with a decline of 0.6% in the previous period. The data provides a monthly measure of price changes for food purchased by households.
May 14, 7:04 PM·1m read1 source
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The reading came in above the previous month's decline of 0.6 percent. No forecast had been published for the April figure. The food price index tracks changes in prices paid by households for food. It forms one component of broader consumer price measures used to monitor inflation trends.
The flat reading in April follows a contraction in the index during the prior month. The data covers prices across a range of food categories purchased for home consumption. The agency releases the figures monthly as an early indicator of food-sector price movements.
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