But also he also noted how food prices were dropping. "Last year, we opened eight new Countdown stores, two replacement stores and four new franchise stores. He also told suppliers how food prices were dropping. "Countdown Supermarkets food prices showed deflation of 0.3 per cent, with lower prices across most categories," Chambers said of the 2016 financial year. Statistics New Zealand reported a 1.3 per cent decrease in total food prices for the year to July, with grocery food down by even more than this," Chambers said.

Source: New Zealand Herald August 29, 2016 00:11 UTC