NZD Food Prices (MoM) information was released today and the numbers came out to the downside. The result was a decrease of .1 % (AKA: -.1%).
Take Away Point:This information is generally considered "low" in terms of economic data release importance overall. This number indicates that for New Zealand there is no inflation increase on a (MoM) basis over the time period as it came in negative. Higher food prices can slow down an economy as it would take up more disposable income and leave less to used on non-food items.