Brad Olsen: Infometrics Principal Economist on food prices rising 5% in the year to August

Food price inflation is starting to stabilise.  Latest figures from Stats NZ show the food price inflation is 5% – unchanged on a month ago.  Butter prices have risen 32% in a year, cheese is up 26%, while milk has increased by 16%.  Infometrics Principal Economist Brad Olsen told Ryan Bridge that while households are still seeing high costs, the pressure is coming through in a more contained fashion.  He says that when inflation was running rampant a few years ago, just about everything was impacted, but now it’s not.   LISTEN ABOVE See omnystudio.com/listener for privacy information.