Podcasts Other The Mike Hosking Breakfast John Murphy: Vegetables NZ chair says momentum is shifting with grocery supplier costs easing

John Murphy: Vegetables NZ chair says momentum is shifting with grocery supplier costs easing

Published: Nov. 12, 2023, 6:57 p.m.

For the first time in nearly two years, grocery supplier cost increases have eased.\xa0

Infometrics data shows the annual rate of growth in October was at 5.4 percent, down from 6.1 percent the month before. \xa0

Vegetables NZ Chair John Murphy told Mike Hosking the drop shows the momentum is starting to shift.\xa0

\u201cRight now, our growers are actually saying that they\u2019re sending market to product right around cost price, so it\u2019s a little bit of a dicey one there but really good for consumers.\u201d\xa0

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