New Zealand food prices in August +0.3% m/m, data from Statistics New ZealandJuly was +0.7%+5.0% y/y July was also +5% Food prices make up nearly 19 percent of the consumer price index in NZ. --The New Zealand Food Price Index (FPI) is a measure of the changes in the average price of food items sold in New Zealand.calculated and published monthly by Statistics New Zealandthe FPI tracks the prices of a basket of food items that represent the typical spending patterns of New Zealand householdsthe FPI is an important indicator of inflation in New Zealand, as food prices account for a significant portion of household expenditure This article was written by Eamonn Sheridan at investinglive.com.