Suppliers to supermarkets appear to be charging more, more often.

Which comes with a warning it could be the new norm.

Foodstuffs has commissioned a report by Infometrics tracking the prices of 60,000 products — which has found they appear to keep gradually rising by 2.3 percent a year.

Infometrics CEO and principal economist Brad Olsen joined Mike Hosking.

LISTEN ABOVE

Suppliers to supermarkets appear to be charging more, more often.
Which comes with a warning it could be the new norm.
Foodstuffs has commissioned a report by Infometrics tracking the prices of 60,000 products — which has found they appear to keep gradually rising by 2.3 percent a year.
Infometrics CEO and principal economist Brad Olsen joined Mike Hosking.
LISTEN ABOVE

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, 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

Brad Olsen: Infometrics principal economist on report finding grocery prices gradually rising

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/263658d9-48e5-405c-b167-b20101418951/transcript

Andrew Saville and Guy Heveldt joined Mike Hosking to discuss Ryan Fox in Mississippi, the Penrith Panthers beating the Melbourne Storm 14-6 to win their fourth-straight NRL premiership, Team New Zealand's America's Cup opponents confirmed and Jimmy Spithill's retirement, ongoing issues at NZR and the All Blacks' end of year tour, and Mike's new 77-inch TV.

LISTEN ABOVE

Andrew Saville and Guy Heveldt joined Mike Hosking to discuss Ryan Fox in Mississippi, the Penrith Panthers beating the Melbourne Storm 14-6 to win their fourth-straight NRL premiership, Team New Zealand's America's Cup opponents confirmed and Jimmy Spithill's retirement, ongoing issues at NZR and the All Blacks' end of year tour, and Mike's new 77-inch TV.
LISTEN ABOVE

Commentary Box: NRL grand final, America's Cup, NZR changes

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/28dfdb8d-5ff3-40b4-bd0b-b20101636911/transcript

Possibly my favourite stat from the Census was that home ownership is up.

Who would have thought?

Well, those of us that follow facts would. But the commentary around housing, sadly, is dictated to us by pressure groups whose best interest is served by telling us how broke we all are, and abetted by a media who sadly don’t ask a lot of questions any more and more often than not simply parrot whatever the press release of the day says.

So, the message is portrayed as one of being unable to participate. "We can't afford a house" or "housing is too expensive" or "owning a home is increasingly a cruel dream".

Well, it simply isn't true.

The other stat I often mention is first home buyers.

Throughout the past few years as housing costs have risen and access to money from banks has become problematic, how many times have we heard that so-called young people have been locked out of the market.

Once again I am happy to report that it's simply not true.

The percentage has remained amazingly static at about 26-27%. Over a quarter of all sales are to first timers and now the Census tells us the ownership rate in this country is rising.

It's important for a couple of reasons:

1) Because hopefully it will, in part, silence the naysayers and,

2) In silencing them remind us all of the role housing plays in this country’s psyche.

We love houses, rightly or wrongly. Most of us aspire to own them, they are a shelter, they are a place of pride and joy and they are a mechanism for savings.

What the new stats remind us of is the truth that for more and more of us the dream can be real. The narrative is often wrong and driven by the wrong attitude.

Owning a house early has always been a battle and so it should be. That way you value it. But getting there is real and the numbers prove it.

The numbers show more and more of us are part of the dream.

It is not, nor has it ever been, as bad as the wowsers would make it out to be.

Possibly my favourite stat from the Census was that home ownership is up.
Who would have thought?
Well, those of us that follow facts would. But the commentary around housing, sadly, is dictated to us by pressure groups whose best interest is served by telling us how broke we all are, and abetted by a media who sadly don’t ask a lot of questions any more and more often than not simply parrot whatever the press release of the day says.
So, the message is portrayed as one of being unable to participate. "We can't afford a house" or "housing is too expensive" or "owning a home is increasingly a cruel dream".
Well, it simply isn't true.
The other stat I often mention is first home buyers.
Throughout the past few years as housing costs have risen and access to money from banks has become problematic, how many times have we heard that so-called young people have been locked out of the market.
Once again I am happy to report that it's simply not true.
The percentage has remained amazingly static at about 26-27%. Over a quarter of all sales are to first timers and now the Census tells us the ownership rate in this country is rising.
It's important for a couple of reasons:
1) Because hopefully it will, in part, silence the naysayers and,
2) In silencing them remind us all of the role housing plays in this country’s psyche.
We love houses, rightly or wrongly. Most of us aspire to own them, they are a shelter, they are a place of pride and joy and they are a mechanism for savings.
What the new stats remind us of is the truth that for more and more of us the dream can be real. The narrative is often wrong and driven by the wrong attitude.
Owning a house early has always been a battle and so it should be. That way you value it. But getting there is real and the numbers prove it.
The numbers show more and more of us are part of the dream.
It is not, nor has it ever been, as bad as the wowsers would make it out to be.

Mike's Minute: More of us are a part of the housing dream

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bdc7c4c4-668e-45e8-b5ca-b20101527c54/transcript

Listen to the Mike Hosking Breakfast Full Show Podcast for Monday  7 October.

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

Listen to the Mike Hosking Breakfast Full Show Podcast for Monday 7 October. 
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 07 October 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/417c3d23-56ce-45a4-947d-b201014c35b2/transcript

Brad Olsen: Infometrics principal economist on report finding grocery prices gradually rising

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