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14 Oct 2024 15:42
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  •   Home > News > Business

    Supermarkets claim GST is a main reason food prices are so much higher than in comparative countries

    Supermarkets claim GST is a main reason food prices are so much higher than in comparative countries


    Latest Stats NZ figures suggest food prices rose about 1.2 percent in the past year.

    But Foodstuffs -- owner of New World, Pak'nSave and Four Square -- says it recorded effectively no increase in overall prices.

    Managing Director Chris Quin says supermarkets aren't creaming off profits, as some are suggesting.

    © 2024 Newstalk ZB, NZCity

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