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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/c11fe392-55a8-49cd-8f38-b398004dec17/transcript

New Zealand's largest Kmart has opened today, at Auckland's Westgate Town Centre.

The new store will be the retailer's first to debut the new Plan C+ format with checkouts at the front, and New Zealand's third 24-hour store after Sylvia Park and Manukau.

First Retail Group managing director Chris Wilkinson says this new store is unlikely to draw people away from Sylvia Park, as both outlets have their own selling points.

"The reality is, Sylvia Park has its own draw, it's got a lot of very unique retailers there - and at the end of the day, the Kmart product is the Kmart product." 

LISTEN ABOVE

New Zealand's largest Kmart has opened today, at Auckland's Westgate Town Centre.
The new store will be the retailer's first to debut the new Plan C+ format with checkouts at the front, and New Zealand's third 24-hour store after Sylvia Park and Manukau.
First Retail Group managing director Chris Wilkinson says this new store is unlikely to draw people away from Sylvia Park, as both outlets have their own selling points.
"The reality is, Sylvia Park has its own draw, it's got a lot of very unique retailers there - and at the end of the day, the Kmart product is the Kmart product."&nbsp;
LISTEN ABOVE

Chris Wilkinson: First Retail Group managing director on New Zealand’s largest Kmart opening today

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/27cf7d5a-fcc4-43f9-8bf7-b4c100777643/transcript

Apple revealed its first foldable iPhone today, alongside the new iPhone 18 Pro and Pro Max and some other new products.

The new 'Duo' product will be available by the end of next month - but Kiwis will have to pay at least $4199 for one on the low end.

BusinessDesk tech columnist Peter Griffin says we're all holding onto our phones for longer, and there's no need for most people to rush into upgrades. 

"You're talking about the wealthiest consumer tech company in the world, it's taken years to develop this - so you'd expect that the product is excellent, and we'd sort of expect that it would be expensive." 

LISTEN ABOVE

Apple revealed its first foldable iPhone today, alongside the new iPhone 18 Pro and Pro Max and some other new products.
The new 'Duo' product will be available by the end of next month - but Kiwis will have to pay at least $4199 for one on the low end.
BusinessDesk tech columnist Peter Griffin says we're all holding onto our phones for longer, and there's no need for most people to rush into upgrades.&nbsp;
"You're talking about the wealthiest consumer tech company in the world, it's taken years to develop this - so you'd expect that the product is excellent, and we'd sort of expect that it would be expensive."&nbsp;
LISTEN ABOVE

Peter Griffin: BusinessDesk tech columnist on Apple unveiling its first foldable iPhone

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/58f75d59-93e9-426e-b980-b4c1007435e7/transcript

People can't get enough of the Warriors this week, as finals fever grips fans all over the nation.

Saturday's big finals clash against the Dolphins at Mount Smart Stadium has seen historic demand, and jerseys and other merchandise are flying off the shelves.

Warriors COO of Commercial and Marketing Glenn Harris says everyone wants to be a part of the 'togetherness' and that's reflected in what they wear to the games.

"Everywhere we go, people are wearing merch - and even if they have merch, they want to get more merch." 

LISTEN ABOVE

People can't get enough of the Warriors this week, as finals fever grips fans all over the nation.
Saturday's big finals clash against the Dolphins at Mount Smart Stadium has seen historic demand, and jerseys and other merchandise are flying off the shelves.
Warriors COO of Commercial and Marketing Glenn Harris says everyone wants to be a part of the 'togetherness' and that's reflected in what they wear to the games.
"Everywhere we go, people are wearing merch - and even if they have merch, they want to get more merch."&nbsp;
LISTEN ABOVE

Glenn Harris: Warriors COO of Commercial and Marketing on the growing demand for Warriors merch ahead of Dolphins clash

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c1c2bc2f-0432-46b2-b75a-b4c1006ec25f/transcript

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

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