New Zealand food prices increased at the fastest rate in more than three decades in December, data from Statistics New Zealand showed on Thursday, signaling strong inflationary pressures that would prompt the Reserve Bank of New Zealand to continue its interest rate hikes.
Food prices grew 11.3 percent in December, following a 10.7 percent rise in November, data from Stats NZ showed Thursday. The latest growth was the biggest since April 1990, when food prices rose 11.4 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.