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Can New Zealand stop supermarkets charging ‘excessive’ prices?

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The Front Page

Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aot 
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Kiwis are constantly wondering why their groceries are so expensive. 

The Green Party is the latest to promise a fix in the way of a members bill aimed at banning price gouging by the supermarket duopoly, which has a whopping 82% market share. 

New rules would aim to prohibit supermarkets from charging prices that are excessive when compared to the cost of supplying groceries. 

Breaches could see a company fined up to $10 million or 10% of turnover. 

But, what constitutes “excessive”? And how would it be policed? 

Today on The Front Page, Green Party co-leader Chlöe Swarbrick is with us to tell us how it would work.

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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Chelsea Daniels
Editor/Producer: Richard Martin
Producer: Jane Yee

 
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