Jon Duffy: Consumer New Zealand Chief Executive says Countdown price-freeze is masking the real problem, which is that the industry is broke
A gesture from one of our two big supermarket companies.
Countdown says from Monday, it's putting a price freeze on 500 items for the winter months, everything from cheese and butter to carrots and pumpkin.
It's in response to the cost of living crisis.
But, Consumer New Zealand Chief Executive Jon Duffy told Mike Hosking it's just masking the real problem, which is that the industry is broken.
“Supermarkets making more than a million dollars in excess profits a day. This isn’t going to stop that, this is not fixing that in any way, just really an acknowledgement by Countdown of the role…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.