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Food Prices Rise 3.4%, CEO Slams Supermarket Proposal

8/18/2025

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Summary

Story summary

Foodstuffs experienced a 3.4% increase in retail prices in July, below Stats NZ's 5% food price inflation.
CEO Quin criticized Finance Minister Willis' "structural separation" proposal for supermarkets, claiming it would not help consumers.
The Commerce Commission's Annual Grocery Report highlighted competition issues, indicating New Zealand shoppers pay 3% more for groceries than the OECD average.

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Story summary

Foodstuffs experienced a 3.4% increase in retail prices in July, below Stats NZ's 5% food price inflation.
CEO Quin criticized Finance Minister Willis' "structural separation" proposal for supermarkets, claiming it would not help consumers.
The Commerce Commission's Annual Grocery Report highlighted competition issues, indicating New Zealand shoppers pay 3% more for groceries than the OECD average.