The Warehouse drops price of basic groceries as cost of living skyrockets
With record-high inflation and the cost of living skyrocketing many retailers are increasing their prices - but one is bucking the trend.
The Warehouse announced on Tuesday it would be dropping the price on several key grocery items.
The Warehouse Group CEO Nick Grayston said with the cost of living increasing "every dollar needs to go as far as possible", which is why it is reducing the prices for several items.
From now on a two-litre bottle of milk is $3, 500 grams of Tararua butter is $4 and 1.2kg of Sanitarium Weet-bix is $5 at Warehouse stores. Grayston said they are the cheapest everyday prices available in New Zealand and more drops can be expected in the coming months.
"Our customers trust us to provide the best value for money and we're committed to this. Kiwis know they can come to The Warehouse for the best deals on their household essentials.
"Value isn't just about low prices – by providing quality products across all of our categories, our customers can feel confident that the range of options we provide will last longer, and provide better value for their money in the long run."
Newshub compared the new prices to products available at Countdown, PaknSave and New World. The cheapest two-litre milk available at Countdown is A2's Fresha Valley standard milk coming in at $4.9. At PaknSave the cheapest equivalent milk is Anchor Blue at $4.49 and New World is the Value standard milk at $3.96.
The price drops come after The Warehouse extended its offering to include pantry items such as flour, dried fruit, nuts and sauces.
Grayston said more products will also be available in the coming months.
Record inflation, rising interest rates, staff shortages and supply chain issues is causing the cost of living to skyrocket with Prime Minister Jacinda Ardern labelling it a crisis earlier in the year.
It comes after a recent survey found 90 percent of all retailers are looking to bump up their prices by 7.5 percent. The increases were prompted by COVID-19, minimum wage increases, the doubling of sick leave and never-ending global supply chain issues.
High grocery prices are also under the spotlight after a Commerce Commission report into the sector found competition is "not working well for New Zealand consumers" with smaller retailers unable to compete effectively against the two main players.
The Commission made a slew of recommendations to fix the issue including changing planning laws to free up land for new grocery stores, introducing a code of conduct for relationships with suppliers, and establishing an industry regulator.
============================================
www.newshub.co.nz...
================================================
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
.
Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
-
84.6% Yes
-
13.9% No
-
1.5% Other - I'll share below
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
Harbour Bridge lane closure - protests
The Treaty Principles Bill was introduced to parliament last week and could have ramifications on the partnership between the Crown and Māori.
Hīkoi mō te Tiriti (March for the Treaty of Waitangi) set off from Cape Rēinga on Monday morning and is expected to reach Wellington next Tuesday. It has now passed through Kaitaia, Kawakawa, Whangārei, Dargaville and is passing through Auckland on Wednesday.
What you need to know today:
- The hīkoi is due to cross the Auckland Harbour Bridge about 9.30am on Wednesday. Two northbound lanes will be closed at some point before the crossing, and remain closed during it.
- NZTA shared at 8:50am Wednesday:
'Curran St northbound on-ramp will be closed shortly, with two northbound lanes on the Harbour Bridge expected to close from approx 9.30am this morning. Allow extra time for likely delays through this area.'
- The hīkoi is expected to go across the Harbour Bridge, in a controlled fashion before marching through parts of the CBD towards Okahu Bay.
- Auckland commuters should expect traffic disruption in vicinity of both sides of the Harbour Bridge.
Stuff reporter Steve Kilgallon was at Stafford Park on the north side of the Harbour Bridge at 8.30am Wednesday and shared:
"I just walked through Stafford Park, where there’s about 400-500 people quietly assembled and more arriving; and about 20 police standing over near the motorway off ramp. Lot of Tino Rangatira flags in evidence, local streets very busy with parked cars."
Police have shared that they will respond accordingly to any issues that may arise along the route.
Loading…
