Foodstuffs price cut w/ Jon Duffy: May 13, 2022

Foodstuffs, in response to nationwide concerns about the price of groceries, has announced a 10% price cut on its 110 most commonly purchased items.

This announcement mirrors a recent price freeze that was imposed in the last week by foodstuff’s competitor Countdown on its own essential products.

Casper spoke to Jon Duffy, the chief executive of Consumer NZ about Foodstuffs’ announcement, what it will mean for consumers and what it tells us about the current state of competition in the New Zealand supermarket industry. Casper began by asking him how substantial the discount will be for New Zealand consumers.