Foodstuffs reports slowdown in food inflation

Beef & Lamb Prices Remain Elevated

Foodstuffs data has shown that annual food price inflation across the co-ops’ comparable FPI basket eased to 1.2 percent in July, the lowest annual...

Foodstuffs reports slowdown in food inflation

Foodstuffs data shows annual food price inflation across the co-ops’ comparable FPI basket eased to 1.2% in July, the lowest annual increase since December 2024. Stats NZ has reported an annual food price inflation (FPI) rate of 1.9% for July 2026, which follows the annual CPI of 4.1% in the June quarter – with fuel and electricity among the major contributors to broader household inflation. Foodstuffs NZ Managing Director, Chris Quin, says the …