TaubinPrices set to rise as retailers battle high costs and fear of closure
IntDimensionalTravelWhat the fuck is going on here? It’s almost impossible to have a budget when doing groceries anymore.
Yay for wage price spiral
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”
There are plenty of people out there getting rises far below inflation.
Let alone the bullshit credit card charges everyone is charging these days. Especially as The Retail Payment System Act 2022 is now in force capping the price retailers pay to 0.8%
If it’s capped, how do places like PBTech get away with charging 1-3%? Genuinely curious.
DaveAs I understand it, the fee is a cap on how much the payment processer can charge the bank. The amount the bank charges the retailer and the amount the retailer charges the customer are not capped.
This is based on this page: comcom.govt.nz/…/retail-payment-system
Thank you that makes more sense. Even if it is asinine.
At least they offer online eftpos now. So much better than using poli or bank transfer.
You are 100% correct. The actual market response in this case is “prices set to FALL in respose to retail slump”.
Our media is illiterate (or paid to print this crap).
Pretty sure it’s the latter
I agree