John Murphy: Vegetables NZ chair says supplier cost increases to supermarkets still rising, but trend is below overall inflation
Supplier costs increases to supermarkets have continued to rise. Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index shows a 2.1 percent increase in supplier costs to supermarkets in November, compared to the year prior. Some of the largest rises were for chocolate and cooking oils. Vegetables NZ Chair John Murphy told Andrew Dickens there's still some general inflationary pressure – but the trend is below overall inflation. “So you see the likes of diesel and things like that starting to creep in, which affects those freight costs.” LISTEN ABOVESee omnystudio.com/listener for privacy information.