News | Business
22 Dec 2024 0:38
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Supermarkets claim GST is a main reason food prices are so much higher than in comparative countries

    Supermarkets claim GST is a main reason food prices are so much higher than in comparative countries


    Latest Stats NZ figures suggest food prices rose about 1.2 percent in the past year.

    But Foodstuffs -- owner of New World, Pak'nSave and Four Square -- says it recorded effectively no increase in overall prices.

    Managing Director Chris Quin says supermarkets aren't creaming off profits, as some are suggesting.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     21 Dec: A lack of surprise over the drops sales for spirits and RTDs
     21 Dec: Industrial-zoned land shortages in Auckland means Briscoes has turned to Drury for a new project
     20 Dec: Retailers are seeing signs of a slow turnaround in consumer confidence
     20 Dec: Cryptopia liquidators have made a huge dent as they look to pay out former account holders
     20 Dec: Beware of bad customers – and 3 other ways small and medium businesses can thrive in 2025
     20 Dec: Another sweet season in the books for kiwifruit growers
     20 Dec: The Finance Minister believes New Zealand is through the worst of it - in terms of economic pain
     Top Stories

    RUGBY RUGBY
    A fully-clothed Tyson Fury has weighed in at his heaviest mark ahead of tomorrow morning's heavyweight boxing showdown against Oleksandr Usyk in Riyadh More...


    BUSINESS BUSINESS
    A lack of surprise over the drops sales for spirits and RTDs More...



     Today's News

    Soccer:
    Auckland FC's unbeaten run has come to a end after eight matches with a resounding 4-0 defeat to Western United at Mt Smart 21:56

    Living & Travel:
    Two Lotto players are in for a million-dollar Christmas 21:26

    Law and Order:
    The woman and her two children reported missing earlier today in Christchurch have been found and are safe 19:47

    Rugby:
    A fully-clothed Tyson Fury has weighed in at his heaviest mark ahead of tomorrow morning's heavyweight boxing showdown against Oleksandr Usyk in Riyadh 19:26

    Cricket:
    The White Ferns have slumped to a 65-run loss under the DLS method in the rain-hit second Rose Bowl one-day cricket international against Australia 19:17

    Living & Travel:
    He's got the job - but now Liam Lawson has to deliver for Red Bull's Formula One team 18:57

    Accident and Emergency:
    Kihikihi Road on State Highway 3 is closed following a serious crash in Te Awamutu in the Waikato 17:47

    Environment:
    More Severe Thunderstorm warnings as parts of the country are battered by heavy rain 17:37

    Accident and Emergency:
    One person has died at a workplace in Selwyn's Southbridge 17:27

    Netball:
    Silver Ferns coach Dame Noeline Taurua is hopeful her side's latest climb in netball's world rankings can lead to more tests against quality opposition in 2025 16:57


     News Search






    Power Search


    © 2024 New Zealand City Ltd