Food prices in New Zealand jumped 2.9 percent on year in December, Statistics New Zealand said on Friday - accelerating from 2.6 percent in November.
Individually, fruit and vegetable prices increased 8.9 percent on year; meat, poultry, and fish prices decreased 0.7 percent; grocery food prices increased 1.8 percent; non-alcoholic beverage prices increased 1.7 percent; and restaurant meals and ready-to-eat food prices increased 3.8 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.