this post was submitted on 07 Jul 2023
25 points (100.0% liked)

Aotearoa / New Zealand

1659 readers
4 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

Rules:

FAQ ~ NZ Community List ~ Join Matrix chatroom

 

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 2 years ago
MODERATORS
[email protected]
[email protected]
25
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]
14 comments fedilink hide all child comments
 

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!

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 11 points 1 year ago* (last edited 1 year ago) (2 children)

You are 100% correct. The actual market response in this case is "prices set to FALL in respose to retail slump".

Our media is economically illiterate (or paid to print this crap).

[–] [email protected] 6 points 1 year ago (1 children)

Pretty sure it's the latter

[–] [email protected] 3 points 1 year ago

I agree