NZ food prices fall, spending slows as RBNZ maintains cautious stance
NZ food prices fell 0.6% m/m (prev -0.1%) while retail card spending rose 0.7% (prev 1.4%), showing easing inflation and slowing demand, reinforcing expectations the RBNZ will hold rates steady. Summary: NZ food prices -0.6% m/m (prev -0.1%), annual pace 3.4% – Stats NZ Core retail card spending +0.7% m/m (prev +1.4%), signalling slower momentum Total card spending +1.3%…











