Grocery prices have surged 42.8% in a decade—outpaced only by wage growth of 50.6%—yet staples like butter and bread have skyrocketed over 120%. The government pushes to break up Foodstuffs to boost competition, citing falling inflation, while opponents call it a joke, pointing to tiny price drops like one cent on spaghetti—and demand laws to ban price gouging. Data reveals mixed trends: restaurant meals and ready meals rose faster than wages, while lettuce fell and chicken breast barely budged. Two competing solutions clash: deregulate big chains or outlaw unfair pricing—both backed by data showing how everyday food costs have shifted.
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This is an automated, high-level news summary based on public reporting. Sources: https://www.nzherald.co.nz/nz/politics/a-decade-at-the-checkout-inside-our-food-price-crisis-and-proposed-political-solutions/premium/AG65ZBVRFNBLNIDG2BGS57DENA/
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