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Strong global demand drives New Zealand food inflation

Summary by Inside FMCG
Stats NZ has reported a national annual food price inflation (FBI) rate of 2.4 per cent last month, owing to robust demand for New Zealand’s primary export commodities and higher food price inflation in the US and the UK.  The Foodstuffs co-ops also report a 2.5 per cent year-over-year increase in retail pricing for commodities in their comparable basket.  Chris Quin, MD of Foodstuffs NZ, says the latest February rate indicates that food price i…
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Retail World MagazineRetail World Magazine

Global market forces driving NZ food price inflation – Foodstuffs - Retail World Magazine

Strong global demand for New Zealand’s key export commodities – dairy and meat – continues to drive food price inflation, say the Foodstuffs co-ops, with the US and UK also experiencing higher food price inflation since the start of 2025. Stats NZ reported a nationwide annual food price inflation (FPI) rate of 2.4% for February, while the co-ops recorded an average 2.5% year on year for their comparable FPI basket. The Foodstuffs co-ops have bee…

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Inside FMCGInside FMCG

Strong global demand drives New Zealand food inflation

Stats NZ has reported a national annual food price inflation (FBI) rate of 2.4 per cent last month, owing to robust demand for New Zealand’s primary export commodities and higher food price inflation in the US and the UK.  The Foodstuffs co-ops also report a 2.5 per cent year-over-year increase in retail pricing for commodities in their comparable basket.  Chris Quin, MD of Foodstuffs NZ, says the latest February rate indicates that food price i…

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FMCG BusinessFMCG Business

Global market forces drive NZ food price inflation - FMCG Business

• Stats NZ records 2.4% food price inflation (FPI) in February, year on year • Foodstuffs co-ops report 2.5% YOY rise in retail prices for goods in their comparable basket • Key contributors include increased offshore demand for NZ meat and dairy  • Latest FPI rates out of the US (2.6%) and UK (3.3%) suggest upward trend Strong global demand for New Zealand’s key export commodities – dairy and meat – continues to drive food price inflation, say …

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FMCG Business broke the news in on Friday, March 14, 2025.
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