this post was submitted on 07 Jul 2023
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Prices set to rise as retailers battle high costs and fear of closure (www.stuff.co.nz)
submitted 1 year ago by [email protected] to c/[email protected]
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Prices will continue to rise in the next three months as almost 60% of retailers fail to meet sales targets and others fear closure within the year.

Surely raising prices will help them sell more!

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[–] HappycamperNZ -4 points 1 year ago (2 children)

Yay for wage price spiral

[–] kurikai 8 points 1 year ago

Not because of wage price rises. Its more because investors want to be paid more. The constant "businesses must make more profit year over year"

[–] [email protected] 5 points 1 year ago

There are plenty of people out there getting rises far below inflation.