The two Foodstuffs Co-ops have warned of potential inflation in food prices as a result of the Trump administration’s planned tariffs.

“New Zealand currently imposes no or low tariffs on most imported food, but it’s possible some imports could be impacted by tariffs elsewhere,” said Chris Quin, Foodstuffs New Zealand MD.

“For example, if producers are in a country that must start paying more for imported ingredients, fuels or fertilisers.”

Foodstuffs noted that in January, its co-ops witnessed a 2.9 per cent rise in their food basket while Stats NZ reported a nationwide food price inflation rate of 2.3 per cent.

And while its freight experts did not report any major interruptions or price changes in January, Foodstuffs said that the fee Auckland container depots charge trucks increased again on February 1, along with higher diesel prices.

“Higher transport costs hit all businesses, big and small,” said Quin.

“They not only affect what suppliers charge us, which accounts for around two-thirds of the retail price on shelf, they also add to our own costs of doing business, which account for another 16 to 17 cents per dollar.”

Quin called on the government to invest enough in roads, rail and ferries and ensure these infrastructures are up to standard to help maintain affordable food prices.