Inflation & Prices
New Zealand Food-Price Inflation Slows to 14-Month Low
A shopper uses an ATM at a grocery store in Wellington, New Zealand.
Photographer: Mark Coote/Bloomberg
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New Zealand food-price inflation slowed to a 14-month low in September, adding to signs that a cost-of-living crisis may be starting to ease.
Food prices rose 8% from a year earlier, Statistics New Zealand said Thursday in Wellington. That’s down from 8.9% in August and the slowest pace since July last year. From a month earlier, prices fell 0.4%.