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Chris Quin: Foodstuffs CEO on food prices having risen for the first time in three months
There\u2019s been a shift in what goes in the shopping basket and what stays on the shelf.\xa0
Data from Stats NZ shows food prices increased 0.8% in the 12 months to April.\xa0
The slight increase is driven by grocery items, particularly chocolate, olive oil, and potato chips.\xa0
Foodstuffs Chief Executive Chris Quin told Mike Hosking that inflation has maxed out quite a few people's budgets.\xa0
He has no doubt people will be having to swap out brands or avoid things considered to be luxuries.\xa0
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