Prices are soaring for food staples, with prices up 4.7 percent on a year ago.

Stats NZ data for October shows cheese, instant coffee, eggs and milk had some of the largest surges. 

Gas rose 14.4 percent and electricity almost 12 percent

Infometrics chief executive Brad Olsen says fruit and vegetables are cheaper - but not meat.

"A couple of months ago, right, we were talking a lot about butter. Mince is now the new butter in a sense, given that that's increased, I think, $23 a kilo."

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Prices are soaring for food staples, with prices up 4.7 percent on a year ago.
Stats NZ data for October shows cheese, instant coffee, eggs and milk had some of the largest surges.&nbsp;
Gas rose 14.4 percent and electricity almost 12 percent
Infometrics chief executive Brad Olsen says fruit and vegetables are cheaper - but not meat.
"A couple of months ago, right, we were talking a lot about butter. Mince is now the new butter in a sense, given that that's increased, I think, $23 a kilo."
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Brad Olsen: Infometrics chief executive on food prices going up again thanks to eggs and dairy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ee131f00-b7eb-4ddf-8f3e-b398004ded5b/transcript