Concerns the Middle East conflict will make rising grocery prices worse.
The Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index finds suppliers charged 2.3 percent more on average in February, compared to a year earlier.
Annual average produce department costs rose 2.9 percent, the fastest in two years.
Infometrics Principal Economist Brad Olsen told Ryan Bridge this doesn't capture rising fuel prices.
LISTEN ABOVE

David Smith: Guardian Washington Bureau Chief says Trump wants help opening the Strait of Hormuz
03:40

Full Show Podcast: 16 March 2026
34:03

Ryan Bridge: Labour shouldn't automatically back the Unions
02:29