16 Jan 2023

Cost of grocery supplies up in December 2022

From Morning Report, 7:07 am on 16 January 2023

Supermarkets are being forced to pay much more to stock their shelves, with the cost of grocery supplies up 10.6% in December compared to the previous year.

The latest data comes from the Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index, which considers sixty-thousand products.

The cost of noodles, for example, went up thirty-one percent in just twelve months, with produce prices also soaring.

Infometrics principal economist Brad Olsen spoke to Charlotte Cook.