Retailers are struggling to keep a lid on prices
Retailers are struggling to keep a lid on prices
2 July 2021
Latest figures show 51 percent of prices have risen over the last quarter, and 61 percent of retailers expect them to rise more over the next three months.
Retail NZ Chief Executive Greg Harford says it all comes down to Covid-19.
He says it's costing more to buy things in the first place, freight rates have gone up substantially in the last 12 to 15 months and the cost of staff has also been increasing.
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