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Economist: Splitting up supermarket duopoly would have more dramatic effect than current reforms

Author
Newstalk ZB,
Publish Date
Fri, 12 May 2023, 8:33am
Photo / NZME
Photo / NZME

Economist: Splitting up supermarket duopoly would have more dramatic effect than current reforms

Author
Newstalk ZB,
Publish Date
Fri, 12 May 2023, 8:33am

A claim has come that the current reforms to our supermarket sector won't bring proper competition.

Statistics New Zealand data shows that as food costs jumped 12.5 percent in the year to April, fruit and vegetables shot up 22 percent.

Westpac Industry Economist Paul Clark says methods like splitting up the duopoly would have a much more dramatic effect.

He says alongside increased food prices for New Zealanders,  there's another downside caused by the duopoly.

Clark says it means a lack of choice for consumers.

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