Brad Olsen: Economist says increase in grocery prices is here to stay

Published: Dec. 11, 2022, 6:41 p.m.

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An alarming increase in grocery prices won\'t be going away any time soon.

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It comes as the latest Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index data, showing a rise in cost increases from suppliers by more than 10 percent in November.

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Around 7,800 items increased in cost, nearly three times as many items as in November 2019.

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Infometrics chief economist Brad Olsen says inflation is making this increase a lot more uncomfortable, despite the seasonal effects.

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He says the wider spread increase in general grocery goods suggests there is a much broader effect coming into play here.

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