FX.co ★ New Zealand Food Prices Cool in June as FPI Growth Slows to 0.6%

New Zealand’s Food Price Index (FPI) rose 0.6% in June 2026 on a month-over-month basis, easing from a 1.0% increase recorded in May 2026. The latest data, updated on 16 July 2026, signal a moderation in short-term food price pressures after a stronger rise in the previous month.

The “actual” June reading reflects the change in food prices compared with May 2026, while the “previous” figure captures May’s change compared with April. The slowdown from 1.0% to 0.6% suggests that, although food prices continued to climb, the pace of monthly increases has softened, a development closely watched by consumers, retailers and policymakers monitoring inflation trends.