Inflation & Prices
New Zealand Food Prices Fall for First Time Since Early 2022
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New Zealand posted its first monthly decline in food prices since early 2022, adding to signs that inflation pressures are continuing to ease.
The food price index fell 0.5% in July from June, Statistics New Zealand said Friday in Wellington. That’s the first decline since February 2022. Annual food inflation slowed to 9.6% from 12.5%, and is the weakest since September.