Foodstuffs North Island says its retail prices have been flat -- despite rising supplier costs

Stats NZ data shows in the month of March, prices dropped 0.5 percent compared to February.

In the year to March they increased 0.7 percent -- the smallest increase since April 2021.

Foodstuffs North Island CEO Chris Quin says the work isn't done.

He says they've got to keep working and evolving the business to remove costs.