Chris Quin: Foodstuffs NZ Managing Director on the rising price of groceries

The cost of food is still going up, but more slowly.  Stats NZ says in the year to August prices rose 8.9%, particularly eggs, yoghurt, and non-perishables like potato chips.   That's down from the 12.5% lift in April and June, but still historically high.  Foodstuffs NZ Managing Director, Chris Quin, told Mike Hosking that while it is increasing year on year, it’s coming down month on month.  He said that they know customers need prices to fall again, and they hope that they can move past some of the weather events and shortages causing these prices.  LISTEN ABOVE See omnystudio.com/listener for privacy information.