Reserve Bank data shows general inflation of 12.8 per cent over the period. When the alcohol was removed from the list, the groceries in 2011 cost $149.43, while in 2020 the same products cost $164.23, an increase of 9 per cent.
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Consumers believe food prices have spiked but it s more of a slow climb, one economist says. The price comparison surprised him. “I thought that the increase should have been more,” he said. The shopping included items such as pasta, pasta sauce, milk and cheese as well as wine and beer but didn’t include fresh vegetables and meat. Huy said he and his wife Bruni Gebauer-Huy tried to buy fresh products and bread at local markets and specialist stores.
By Gareth Vaughan
Shortly after midday on Thursday, a few minutes after two government ministers began a press briefing outlining proposals to regulate merchant service fees, ASB issued a press release. ASB decreases merchant services fees to further support Kiwi businesses, the bank trumpeted.
The short three paragraph release said ASB welcomed the Government s move to consult on merchant service fees, and had immediately implemented a substantial rebate for small and medium sized ASB business customers until the outcome of the consultation is known. Topping it off, the rebate would be backdated to the start of December, ASB said.
However, no where in the release did ASB provide any details whatsoever about the rebate. Asked by interest.co.nz for the details an ASB spokeswoman said: The rebate amount a business customer will receive depends on their transaction volumes and is commercially sensitive.”
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The Government is looking to change how much Kiwi retailers pay for contactless payment services as it's revealed they pay $13,000 more each year than thei