Foodstuffs is pushing back on claims our groceries cost more than the rest of the world. 

Year-on-year inflation for comparable products has remained flat on 0 percent, according to the co-op.

Blame is being put on GST for pushing up prices – Australia, for example gets, meat, fish, produce, milk and more GST-free.

Foodstuffs New Zealand managing director Chris Quin joined Mike Hosking.

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Foodstuffs is pushing back on claims our groceries cost more than the rest of the world. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Year-on-year inflation for comparable products has remained flat on 0 percent, according to the co-op.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Blame is being put on GST for pushing up prices – Australia, for example gets, meat, fish, produce, milk and more GST-free.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Foodstuffs New Zealand managing director Chris Quin joined Mike Hosking.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

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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

Chris Quin: Foodstuffs managing director on claims GST is pushing up food prices - not inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a4b86a74-5638-4ddd-8ea2-b2080143231c/transcript

It sounds good on paper, or in front of your fans, but we need more detail on the so-called Future Fund, the $100 billion it will raise and the tax incentivisation that will be needed to get the money here.

It is the new New Zealand First policy.

They celebrated their 31st get-together over the weekend.

Peters got a reasonable amount of coverage, and it didn’t have too much of the old days about it where the TV cameras wander around looking for weirdos to say funny things.

The thing about Government generally is it gives you an element of credibility. In fact, you could argue after 31-odd years, New Zealand First is having its best days ever.

Yes, they have been in power numerous times. But so far - touch wood - this time actually seems to be going smoothly.

We have had nothing of the previous friction. It is indeed early days, and it is currently helped by the fact the Government is travelling well and is solid in the polls and looks set to hold for a good crack at another term. Indeed, the so-called "green shoots" we are seeing might well turn into a period next year, and into 2026, of decent growth and with it will come the election year optimism that will see a return for another three years.

Peters previously, and most certainly this time, is proving to be an outstanding foreign minister, helped in small part by the fact the previous one was historically useless.

Back to this future fund - he talks of missing a key ingredient, the ability for foreign investors to truly be part of this country, and to do that you need to buy a house.

They can't buy a house because of New Zealand First policy that doesn’t allow it, which seems dichotomous.

National compromised in coalition talks and carved out foreign houses as those over $2m but that still wasn't good enough for New Zealand First.

It is a failed idea and probably the biggest mistake National made in giving it away.

You need foreigners. That part isn't even debated. We need them for labour, for money, as well as culture and population growth.

To help that, they need to feel like this is a place to call home. The easiest way to achieve that is to allow them to set up shop in a house.

I am convinced the policy will be eventually tipped over, but until it is you can talk about future funds all you want. You can talk about foreign investment all you want. But the door has to be open. Not partially open and not open with caveats.

We aren't a big enough deal globally to be forcing such a large compromise.

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">It sounds good on paper, or in front of your fans, but we need more detail on the so-called Future Fund, the $100 billion it will raise and the tax incentivisation that will be needed to get the money here.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">It is the new New Zealand First policy.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">They celebrated their 31st get-together over the weekend.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Peters got a reasonable amount of coverage, and it didn’t have too much of the old days about it where the TV cameras wander around looking for weirdos to say funny things.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The thing about Government generally is it gives you an element of credibility. In fact, you could argue after 31-odd years, New Zealand First is having its best days ever.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Yes, they have been in power numerous times. But so far - touch wood - this time actually seems to be going smoothly.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">We have had nothing of the previous friction. It is indeed early days, and it is currently helped by the fact the Government is travelling well and is solid in the polls and looks set to hold for a good crack at another term. Indeed, the so-called "green shoots" we are seeing might well turn into a period next year, and into 2026, of decent growth and with it will come the election year optimism that will see a return for another three years.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Peters previously, and most certainly this time, is proving to be an outstanding foreign minister, helped in small part by the fact the previous one was historically useless.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Back to this future fund - he talks of missing a key ingredient, the ability for foreign investors to truly be part of this country, and to do that you need to buy a house.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">They can't buy a house because of New Zealand First policy that doesn’t allow it, which seems dichotomous.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">National compromised in coalition talks and carved out foreign houses as those over $2m but that still wasn't good enough for New Zealand First.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">It is a failed idea and probably the biggest mistake National made in giving it away.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">You need foreigners. That part isn't even debated. We need them for labour, for money, as well as culture and population growth.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">To help that, they need to feel like this is a place to call home. The easiest way to achieve that is to allow them to set up shop in a house.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">I am convinced the policy will be eventually tipped over, but until it is you can talk about future funds all you want. You can talk about foreign investment all you want. But the door has to be open. Not partially open and not open with caveats.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">We aren't a big enough deal globally to be forcing such a large compromise.

Mike's Minute: We need more detail on this Future Fund

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/677e891c-fc26-4493-9213-b20801555315/transcript

On the Mike Hosking Breakfast Full Show Podcast for Monday the 14th of October, both Seymour and Peters were out over the weekend spruiking foreign investment. So how do we go about achieving it successfully?

We are the most expensive place in the world to jump on a cruise ship and travel here, so no wonder there are 20% less on the way.

Andrew Saville and Guy Heveldt debate whether Bathurst was exciting or not, Nadal retiring and Mike and Sav's imminent visit to a dingy, dirty pub.

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">On the Mike Hosking Breakfast Full Show Podcast for Monday the 14th of October, <a href="/{localLink:umb://document/16cc2fa5dad24e99ace020a1daac03e0}" title="Oliver Hartwich: NZ Initiative executive director on new law reforms to allow for overseas investment">both Seymour and Peters were out over the weekend spruiking foreign investment. So how do we go about achieving it successfully?</a>
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;"><a href="/{localLink:umb://document/890a7eaeb39e429d80fb304589ad30ed}" title="Jacqui Lloyd: NZ Cruise Association chief executive says costs are largely to blame for pared-back cruise season this year">We are the most expensive place in the world to jump on a cruise ship and travel here, so no wonder there are 20% less on the way.</a>
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Andrew Saville and Guy Heveldt <a href="/{localLink:umb://document/cd7917aee12b4fcaaf6be9526f8d29b8}" title="Commentary Box: Bathurst, America's Cup, Rafael Nadal">debate whether Bathurst was exciting or not, Nadal retiring and Mike and Sav's imminent visit to a dingy, dirty pub.</a>
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 14 October 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2426bd97-472f-4677-9133-b208014c3688/transcript

Andrew Saville and Guy Heveldt joined Mike Hosking to discuss Brodie Kostecki's maiden win at Bathurst, Team New Zealand going 3-0 up over INEOS Britannia in the America's Cup, Rafael Nadal retiring, the Black Caps' tour of India, Jimmy Butler's wine cellar, and an imminent visit to a dingy pub.

LISTEN ABOVE

Andrew Saville and Guy Heveldt joined Mike Hosking to discuss Brodie Kostecki's maiden win at Bathurst, Team New Zealand going 3-0 up over INEOS Britannia in the America's Cup, Rafael Nadal retiring, the Black Caps' tour of India, Jimmy Butler's wine cellar,&nbsp;and an imminent visit to a dingy pub.
LISTEN ABOVE

Commentary Box: Bathurst, America's Cup, Rafael Nadal

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e50526a2-3ca1-4d88-8414-b208014c3595/transcript

Chris Quin: Foodstuffs managing director on claims GST is pushing up food prices - not inflation

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