Michael Barnett: Auckland Business Chamber CEO warns companies they could go out of business if they don't lift prices
Early Edition with Ryan Bridge · Newstalk ZB
April 21, 20223m 53s
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Show Notes
Companies are being warned they could go out of business, if they don't lift prices.
Annual inflation's hit 6.9 percent - a 30-year high.
Auckland Business Chamber CEO, Michael Barnett, says businesses are paying more for shipping, fuel, and transport and have higher staff costs.
He told Roman Travers consumers will have less money in their pockets, so businesses need to ensure their products have the necessary margin for them to survive.
LISTEN ABOVE
Annual inflation's hit 6.9 percent - a 30-year high.
Auckland Business Chamber CEO, Michael Barnett, says businesses are paying more for shipping, fuel, and transport and have higher staff costs.
He told Roman Travers consumers will have less money in their pockets, so businesses need to ensure their products have the necessary margin for them to survive.
LISTEN ABOVE
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