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. Foodstuffs is also about to launch a new on-line offering, although Chambers noted how Countdown had offered this for many years. "Countdown Supermarkets food prices showed deflation of 0.3 per cent, with lower prices across most categories," Chambers said of the 2016 financial year. "Countdown tracks the prices of a basket of 100 of the most commonly purchased items in our supermarkets.

Source: Otago Daily Times August 29, 2016 01:07 UTC