New Zealand: Food Inflation Rebounds.

Annual food inflation in New Zealand rose to 4.6% in January of 2026 from the eight-month low of 4% in the previous month, reflecting the first acceleration in prices since October. Costs rose 4% in broader grocery groups, with an 8.9% surge for meat, poultry, and fish, while those for white bread soared by 57.9%. In turn, prices for takeaway coffee rose by 6.6%.