New Zealand’s economy looks to have expanded further in the September 2023 quarter, although momentum has slowed as various economic pressures hit. Continued jobs and population growth have supported growth, but high inflation and higher interest rates have moderated the strength seen in the economy. Rising pressures on the primary sector are also beginning to hit provincial economies. Read

The average annual rate of supplier cost increases continued to moderate in October. The Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index (GSCI) shows a 5.4% increase in what suppliers charged supermarkets for goods in October 2023 compared to a year ago – down from 6.1%pa in September 2023. Read

There was a further slowing in the average rate of supplier cost increases from suppliers to supermarkets in September 2023. The Infometrics-Foodstuffs New Zealand Read

Supplier cost increases, from suppliers to supermarkets, continued in August 2023, but the pace of growth continues to slow on an annual basis. The Infometrics-Foodstuffs New Zealand Read

Economics consulting firm Infometrics is pleased to announce that Kendra Ross has been appointed as an independent director effective from 21 July 2023. Read

Economic momentum continues to hold up better than expected across New Zealand, with rapid jobs growth and population growth counterbalancing inflation and interest rate challenges faced by households. Some parts of the country continue to experience solid growth, but others remain hampered by the ongoing effects of wild weather over the first half of 2023. Read

The pace of supplier cost increases continues to moderate in 2023 compared with last year, although monthly increases also highlight a sustained core of cost pressures remaining. The Infometrics-Foodstuffs New Zealand Read

Inflationary pressures are finally moderating throughout the New Zealand economy, according to Infometrics’ latest economic forecasts, after two years of costs and prices running out of control. Recent data has shown demand across the economy moderating as higher interest rates and cost-of-living pressures have squeezed household spending. With international inflation also abating, the Reserve Bank is now on track to get inflation back to the top of its 1-3%pa target bank by the end of 2024. Read

Supplier costs rose again year on year in June, but momentum in the cost increases to supermarkets has continued to moderate compared with 2022. The Infometrics-Foodstuffs New Zealand Read

Supplier costs continue to increase, although momentum in the cost increases to supermarkets has eased compared with 2022. The Infometrics-Foodstuffs New Zealand Read