Summaries
New Zealand’s supermarkets face increased scrutiny as profit margins grow on non-fresh food
Price increases for non-fresh products have outpaced supplier costs.
September 6, 2024
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Price increases for non-fresh products have outpaced supplier costs.
Olive oil up almost 84%.
Escalating geopolitical tensions appear to be driving the surge in price.
“Every day Kiwis are ripped off by the Big Banks.”
The root of the problem lies in the failure to build new renewable generation.
A “perilous situation.”
If all the banks coordinate their efforts in ways that make it hard for farmers, is it collusion?
Some say that open banking is a ‘fundamental shift’ in data ownership.
Public feedback will be sought once the bill reaches Parliament.