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Brad Olsen: Infometrics principal economist on food prices continuing to soar in June

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Manage episode 494911090 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Households are still finding it tough to pay for the basics, with high prices not easing yet.

Stats NZ has revealed the cost of food rose 4.6 percent in the 12 months to June.

It's largely driven by double-digit increases for products like red meat, cheese and milk

Infometrics principal economist Brad Olsen says the general economy is still experiencing intense price pressure and weakness - which isn't comforting.

"Mince prices are now hitting nearly $22 a kilo. You can't even have a cheap mince meal at a cheap price."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

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10179 episodes

Artwork
iconShare
 
Manage episode 494911090 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Households are still finding it tough to pay for the basics, with high prices not easing yet.

Stats NZ has revealed the cost of food rose 4.6 percent in the 12 months to June.

It's largely driven by double-digit increases for products like red meat, cheese and milk

Infometrics principal economist Brad Olsen says the general economy is still experiencing intense price pressure and weakness - which isn't comforting.

"Mince prices are now hitting nearly $22 a kilo. You can't even have a cheap mince meal at a cheap price."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

10179 episodes

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