The latest Infometrics-Foodstuffs Grocery Supplier Cost Index shows the prices suppliers charged supermarkets for goods increased by an average of 2.9 percent in May when compared to the same time last year. This is compared to 3.2 percent in March.
The Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index (GSCI), commissioned by Foodstuffs New Zealand, measures the change in the list cost of grocery goods charged by suppliers to Foodstuffs by using data across over 60,000 products. Every month, the Index tracks what it costs supermarkets to buy goods to put on the shelf.