Foodstuffs break-up would cut 1-3% off grocery prices – biosecurity, labour costs bigger factors, Coriolis report

AI Summary

A Coriolis report estimates that breaking up New Zealand grocery group Foodstuffs would lower grocery prices by only 1–3%. It says biosecurity and labor costs are larger contributors to the country's grocery prices, which the report's U.S. baseline puts 20–30% higher than comparable costs after taxes.

Coriolis' US baseline put New Zealand grocery costs 20-30% higher, net of taxes.