Food prices in New Zealand were up a seasonally adjusted 0.3 percent on month in May, Statistics New Zealand said on Friday
That was in line with expectations following the 0.2 percent increase in April and the 1.3 percent decline in March.
On a yearly basis, food prices dipped 0.1 percent - also in line with forecasts and unchanged from the previous month's reading.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.