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Speaker 1: Off the back of the food inflation figures on Friday,

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Speaker 1: food Stuffs has come up with an interesting comparison. Stats

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Speaker 1: in z reported five percent increase in the edit two July.

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Speaker 1: I know, hard to swallow, hard to say, but food

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Speaker 1: Stuffs is reporting a three point four percent increase year

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Speaker 1: on year. They argue they have a clearer grasp on

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Speaker 1: grocery prices. They say stats in Z is including restaurant

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Speaker 1: and takeaways in their reporting. Soud Chetwyn is with the

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Speaker 1: Grocery Action Group, which is with us this morning. Hey, Sue,

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Speaker 1: good morning. What do you reckon spin or do they

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Speaker 1: have some merit in what they're saying.

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Speaker 2: Look, I think that it's interesting statistics, and you know,

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Speaker 2: it's it's good to have them, But to me, it

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Speaker 2: really is spin stats in New Zealand. And I've been

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Speaker 2: doing these figures for a very long time, and food

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Speaker 2: Stuff is producing them when they think that they might

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Speaker 2: benefit them. You know, they are under the gun at

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Speaker 2: the moment because of the very high prices that Tiwis

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Speaker 2: are paying for groceries, and so they come out with

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Speaker 2: statistics like this, and of course, you know you have

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Speaker 2: to say that gst is on is on food in

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Speaker 2: New Zealand and isn't in some of the other comparison

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Speaker 2: countries like the UK and Australia. But you know, there's

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Speaker 2: research around that shows that even taking that into account,

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Speaker 2: that we are still paying too much for groceries here.

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Speaker 2: So I don't think it. I don't think it does

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Speaker 2: food stuff so much good to do stuff like this

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Speaker 2: in some respects because I just don't think. I think

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Speaker 2: here even more sensible than that, And they probably don't

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Speaker 2: believe it.

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Speaker 1: But.

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Speaker 2: Do you.

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Speaker 1: But to be fair to them, I mean they get

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Speaker 1: hammered day in, day out. These guys are the reason

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Speaker 1: I can't afford to feed my family. And they'd make

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Speaker 1: some just reasonable points about you know, harsher winter and

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Speaker 1: shopping seasonally and as you say the gest I mean,

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Speaker 1: these are valid things.

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Speaker 2: Oh look absolutely, you know there has been a harsh winter,

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Speaker 2: stops seasonally. All of those things are correct. But the

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Speaker 2: reality is that we still have, you know, a duopoly

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Speaker 2: in New Zealand. We have food stuff which is increasing

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Speaker 2: its hold actually and and we have two reports from

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Speaker 2: the Grocery Commissioner showing that things are tough. The barrier

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Speaker 2: to entry for us a competing supermarket is probably too high,

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Speaker 2: and that's why we don't have competition here, and that's

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Speaker 2: why we have high prices. It's not much more difficult

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Speaker 2: than that. And food stuff might be giving us all

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Speaker 2: this advice, but the fact of the matter is there

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Speaker 2: making excessive profits. So if they brought the price of

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Speaker 2: their food down a little bit, they would still be

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Speaker 2: making profits.

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Speaker 1: Spend a little less on PM maybe you reckon see hey,

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Speaker 1: thanks thanks times Shipwin, who's for the Growth Reaction Group.

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