Brad Olsen: Economist says weekly grocery shop is unlikely to get cheaper any time soon
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Your weekly grocery shop isn't likely to get cheaper any time soon.
New analysis from Infometrics and Foodstuffs shows the prices supplies charge supermarkets has increased nearly eight-percent in the past year.
The increases are being passed on to consumers.
Infometrics Principal Economist Brad Olsen told Kate Hawkesby the increase follows minimal rises over previous years.
He says throughout 2019 and 2020 supplier cost changes were minimal, but they've now been accelerating since April 2021, and it shows the pressure on suppliers.
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