The Food Price Index (FPI) measures the change in the cost of food and food services purchased by households.
A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.
Feb 13, 2018
Why Traders Care
Rising food prices can be a sign of future inflationary pressures which may lead the central bank to alter monetary policies. Also, it can result in slower economic activity as households spend more of their income on food rather than non-food items.