Government eyes action in supermarkets as prices soar

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Photo: Radio Waatea Image Database.

Claudette Haiti

Jacinda Ardern: Government considering action in supermarkets as prices soar

The Prime Minister points the finger at supermarkets for rising food prices.

The opposition attacked the government over figures showing fruit and vegetables up 18% and fish and poultry up almost 9%.

Jacinda Ardern says the answer lies in the Commerce Commission’s review of the investigation which identified problems with the way the two supermarket chains control wholesale and distribution.

“On average you would expect profit levels of around 5%. In New Zealand it’s 12%. New Zealanders don’t get a fair deal because we don’t have good competition “There are a number of recommendations (the Commerce Commission) has made. We’re looking at whether we need to go further,” she said.


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