Chris Quin: Foodstuffs CEO on food prices having risen for the first time in three months
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There’s been a shift in what goes in the shopping basket and what stays on the shelf.
Data from Stats NZ shows food prices increased 0.8% in the 12 months to April.
The slight increase is driven by grocery items, particularly chocolate, olive oil, and potato chips.
Foodstuffs Chief Executive Chris Quin told Mike Hosking that inflation has maxed out quite a few people's budgets.
He has no doubt people will be having to swap out brands or avoid things considered to be luxuries.
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