6 May 2022

Consumer NZ skeptical about Countdown price freeze

From Morning Report, 6:42 am on 6 May 2022

The country's consumer watchdog is skeptical about a move by supermarket chain Countdown to freeze the price of some products.

From Monday, Countdown will freeze the price of more than 500 essential products to help give New Zealanders more certainty about food prices as winter approaches.

It says customers will find some staple foods, including butter, cheese, sugar and flour, at the same price through the colder months, no matter what happens with inflation and costs.

Consumer New Zealand chief executive Jon Duffy said it sounds good, but is a temporary halt only in a profitable sector.

He spoke to Susie Ferguson.