Bernie Sugrue: Baking Industry Association President on the price of bread rising 60%

Some reassurance a jump in bread prices isn't major as food price inflation rises sharply.  Latest Stats NZ data shows the rate's risen from 4% a month ago to 4.6%.  In the past year, the very cheapest loaf of white bread has gone up by almost 60%, and steak and chocolate more than 20%.  Baking Industry Association President Bernie Sugrue told Ryan Bridge most loaves of bread haven't had price rises as much as this, despite increased costs for bakeries.  He says 60% doesn't represent a lift in all bread prices, just that one particular loaf.  LISTEN ABOVE See omnystudio.com/listener for privacy information.