The Commerce Commission has decided to cap interchange fees on Mastercard and Visa commercial credit cards, a move expected to save local businesses around $40m annually.
Vegetables were one of the largest contributors to New Zealand’s quarterly inflation rate, rising 10.5% in the three months to September 2026.
Manufacturer Nestlé was a “winner” in this year’s Consumer NZ’s Yeah, Nah Awards, with meal delivery service Hello Fresh and retailer Foodstuffs also name-checked.
Foodstuffs says its annual food price inflation across the comparable FPI basket was 1.6%, compared with Stats NZ annual food price inflation of 2.4%.
Food prices rose on an annual but were flat on a monthly basis in September, according to the latest data from Stats NZ, with the year-on-year increase coming in at 2.4%.
Petrol and diesel prices both increased in September 2026, compared with August 2026, according to figures released by Stats NZ today.
The pace of supplier cost increases to Foodstuffs supermarkets has been steady for three months running, coming in at 1.9% in September, according to the latest Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index.
Food and fibre exports reached a record $65.2bn in the year to 30 June 2026, up around 8% on the year before, according to Agriculture and Forestry Minister Todd McClay.
In the wake of National’s proposed supermarket break-up policy, Foodstuffs commission a poll to gauge the public response to the plan, it has emerged.
As political parties lock in their campaign strategies ahead of the general election, the food and grocery sector has moved from a background policy discussion to the centre of the cost-of-living debate.
Fonterra has strengthened it forecast Farmgate Milk Price for the 2026/27 season reflecting recent improvements in global dairy commodity prices while retaining a prudent approach to the season ahead.
Food prices rose on an annual and monthly basis in August, according to the latest data from Stats NZ, with the year-on-year increase coming in at 1.9%.
