In a new Herald series, Inflation Nation, we explore the reasons and impacts of the price shock - and possible solutions. The prices New Zealand dairy product earns on global markets has for many years influenced what New Zealanders pay at the grocery chiller. And global dairy prices - along with export meat returns - are currently booming. (New Zealand's dairy consumer market is so small that around 95 per cent of dairy processing is exported. Another contributor to retail dairy prices is the margins set by supermarkets.

Source: Daily Nation March 17, 2022 03:56 UTC