Brad Olsen: Informetrics Principle Economist on the easing inflationary pressures in supermarkets
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There are positive signs of inflationary pressures easing in supermarkets.
Latest data from Infometrics and Foodstuffs shows suppliers charged supermarkets 1.8% more last month than the same month last year.
That's the lowest increase in more than three years.
Infometrics Chief Executive Brad Olsen says many fruit and vegetables have been getting cheaper, while dairy prices are driving costs increases.
He says chocolate, coffee, and noodles are also seeing jumps.
Olsen told Mike Hosking that it’s not perfect, but it’s in a much better position.
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