A grocery commentator says the markup on food products reveals the power supermarket giants have over shoppers
A grocery commentator says the markup on food products reveals the power supermarket giants have over shoppers
7 January 2025
The Commerce Commission's first annual grocery report says supermarkets had up to 20-percent margins on basic products like milk, bread and eggs.
For chilled and frozen goods, snacks and liquor, it was more than 13-percent.
Ernie Newman says its an indication of market failure and requires intervention.
He says it will take political will to force a break up, and change the market back to operating competitively.
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