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New report finds grocery prices are gradually increasing by 2.3 percent per year

Author
Newstalk ZB,
Publish Date
Mon, 7 Oct 2024, 8:30am
Photo / Getty
Photo / Getty

New report finds grocery prices are gradually increasing by 2.3 percent per year

Author
Newstalk ZB,
Publish Date
Mon, 7 Oct 2024, 8:30am

Suppliers to supermarkets appear to be charging more, more often.

Which comes with a warning it could be the new norm.

Foodstuffs has commissioned a report by Infometrics tracking the prices of 60,000 products — which has found they appear to keep gradually rising by 2.3 percent a year.

Infometrics CEO and principal economist Brad Olsen joined Mike Hosking.

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