April 14, 2022
Government mulls supermarket action as prices skyrocket
The Prime Minister is pointing the finger at supermarkets for rising food prices.
The Opposition has attacked the Government over figures showing fruit and vegetables up 18 per cent and fish and poultry up almost 9 per cent.
Jacinda Ardern says the answer lies in addressing the Commerce Commission inquiry which identified problems with the way the two supermarket chains control wholesaling and distribution.
“On average, you would expect profit levels around 5 per cent. In New Zealand, it’s 12 per cent. New Zealanders are not getting a fair deal because we don’t have good competition. There are a number of recommendations (the Commerce Commission) has made. We’re exploring whether we need to go further,” she says.