Foodstuffs basket continues to track below CPI and food price inflation

Foodstuffs Continues To Track Well Below CPI & FPI

Foodstuffs data showed annual food price inflation across the comparable basket for the co-ops behind New World, PAK’nSAVE and Four Square was 1.5 percent...

Foodstuffs basket continues to track well below CPI and food price inflation

Foodstuffs data shows annual food price inflation across the comparable basket for the co-ops behind New World, PAK’nSAVE and Four Square was 1.5% in August, below Stats NZ’s annual food price inflation rate of 1.9%. With broader Consumer Price Inflation of above 4% in the latest CPI, Foodstuffs NZ Managing Director Chris Quin says the August grocery numbers continue a positive recent trend of low annual monthly increases – despite increased fue…

Foodstuffs basket continues to track below CPI and food price inflation

Foodstuffs says annual food price inflation across the comparable basket for the co-ops behind New World, PAK’nSAVE and Four Square was 1.5% in August, below Stats NZ’s annual food price inflation rate of 1.9%.