For the first time in nearly two years, grocery supplier cost increases have eased.

Infometrics data shows the annual rate of growth in October was at 5.4 percent, down from 6.1 percent the month before. 

Vegetables NZ Chair John Murphy told Mike Hosking the drop shows the momentum is starting to shift.

“Right now, our growers are actually saying that they’re sending market to product right around cost price, so it’s a little bit of a dicey one there but really good for consumers.”

LISTEN ABOVE

For the first time in nearly two years, grocery supplier cost increases have eased. 
Infometrics data shows the annual rate of growth in October was at 5.4 percent, down from 6.1 percent the month before.  
Vegetables NZ Chair John Murphy told Mike Hosking the drop shows the momentum is starting to shift. 
“Right now, our growers are actually saying that they’re sending market to product right around cost price, so it’s a little bit of a dicey one there but really good for consumers.” 
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,...