Foodstuffs 'only passing on increases'

(Image: PaknSave)

Fri, 12 May 2023

Foodstuffs, the co-operative that includes New World and Pak'nSave supermarkets, said it is only just passing on increases in prices from suppliers to customers.Food prices increased by 12.5% nationwide in the 12 months to April, according to Statistics New Zealand's Food Price Index (FPI).The prices Foodstuffs is charged by its suppliers have increased by 10% in this time, according to its own index – the Infometrics-Foodstuffs NZ Grocery Supplier Cost Index (GSCI).Foodstuffs also looks at price increases for a subset of items th...

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