More pain at checkout as grocery supplier prices increase

Published: Oct. 9, 2022, 8:19 p.m.

b'

No signs of an end to the escalating supply costs that are driving up grocery bills.

\\n

The Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index shows cost increases from grocery suppliers to supermarkets, rose more than nine per cent last month -- due to rising input costs.

\\n

This means more pressure on prices at the checkout.

\\n

Infometrics Principal Economist Brad Olsen told Mike Hosking the cost increases are fairly widespread and unlikely to turn around anytime soon.

\\n

He says this suggests the Stats NZ food price index that\'s coming this week is unlikely to be a fantastic number.

\\n

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

'