Economy of New Zealand

Competition Council launches food price monitor, meant to help increasing competition and cheapening products

The Competition Council on Tuesday launched the platform "Food Price Monitor," which allows the comparison of more than 30,000 products from 1,700 stores from all over the country, meant to help strengthening competition on this market and cheapening foodstuffs at the most expensive stores.

Supermarket sales up, special offers down

Supermarket revenue during the first half of 2019 rose 3.4 percent compared to the same period last year.
Foodstuffs, especially frozen foods and snacks, accounted for most of that increase.
The quantity, or volume, of sales increased much less, as supermarket chains limited the number of special offers sold in order to boost profitability.