Latest / Early Edition with Ryan Bridge
Kate Hawkesby: Signs are it will be a tough Christmas
It feels like a raw deal doesn’t it? We’re locked down, grocery prices are creeping up and up and up, and then we get the news that we’re in for an expensive Christmas.
Shipping lines have announced a ‘peak season surcharge’ on containers coming in from China and Singapore, and other shipping lines will likely follow suit.
So, when the cost goes up for them to ship stuff to us, they’re going to pass that cost on to us, and yet again, the consumer gets pinged.
Kiwibank’s chief economist said in one report that we can expect higher prices this Christmas, and potentially even some empty shelves…
The skinny
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