People are making tough choices at the supermarket to keep costs down. 

A new report reveals the average weekly spend per household is now $240 – an increase of only $2 from 2023. 

To cut costs, 31% of are buying less groceries, 48% are downgrading on brands, and 30% are looking for specials. 

Head of Sustainable Business Development at Rabobank, Blake Holgate told Mike Hosking the results are unsurprising, as wage inflation has not increased at the same rate as food inflation. 

He says people have had to make cuts or choices, and that’s what they’re seeing come through in these results. 

LISTEN ABOVE 

People are making tough choices at the supermarket to keep costs down.&nbsp;
A new report reveals the average weekly spend per household is now $240 – an increase of only $2 from 2023.&nbsp;
To cut costs, 31% of are buying less groceries, 48% are downgrading on brands, and 30% are looking for specials.&nbsp;
Head of Sustainable Business Development at Rabobank, Blake Holgate told Mike Hosking the results are unsurprising, as wage inflation has not increased at the same rate as food inflation.&nbsp;
He says people have had to make cuts or choices, and that’s what they’re seeing come through in these results.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Blake Holgate: Rabobank Head of Sustainable Business Development on households spending $240 a week on food

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f4069549-a214-461d-ab65-b36f0160ff21/transcript

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