Reddit outraged by Subway New Zealand's 'rip off' pricing of six-inch sub & More News Here

Others took a visit down reminiscence lane and wistfully remembered the times when the restaurant’s Sub of the Day value not more than a mere fiver.

“I remember when it used to be $3.90. Good times,” stated one, with one other including: “$3.90 Sub of the Day got me through.”

“RIP 2012, when the foot-longs were $8,” a 3rd recalled nostalgically.

In an announcement to Newshub, Subway’s Australia and New Zealand Communications Manager, Rhys Reynolds, confirmed a Recommended Retail Pricing (RRP) evaluate was not too long ago undertaken and took impact on March 21, 2022. 

“Many factors contributed to the RRP increase. Currently, food inflation has increased by an average of 10 percent in the first quarter of 2022,” Reynolds stated.

“There has been a rise in retail area value by round 2 p.c and labour value has seen an approximate improve of 6 p.c. Across the Quick Service Restaurant trade in New Zealand, there was a rise of RRP between roughly 3 p.c to 12 p.c.

“Subway offers a fresh alternative to traditional fast food. Guests can choose from millions of combinations of premium-quality meats, cheeses, fresh vegetables and cookies and bread baked daily.”

He urged Kiwis who’re searching for a less expensive various to take benefit of Subway’s Sub of the Day worth provide, the place a choose six-inch sub is lowered to $5.50 daily of the week at taking part eating places.

Last month, the most recent Consumer Price Index (CPI) figures revealed that annual inflation hit 6.9 p.c within the March quarter – the most important year-on-year improve in over three a long time. It was additionally up from the 5.9 p.c determine recorded within the December 2021 quarter, itself the very best since 1990.

The newest determine included the impression of Russia’s invasion of neighbouring nation Ukraine in late February, in addition to the outbreak of the COVID-19 Omicron variant and its ramifications for native and world provide chains.

When questioned in regards to the sky-high inflation in April, the Government was fast to level to those worldwide components as causes, with Finance Minister Grant Robertson noting that “significant increases” in meals and gasoline costs have been noticed worldwide.

“These are challenging times for the global economy,” he stated. “Inflation is at a 40-year-high of 8.5 p.c within the United States and a 30-year excessive of 7 p.c within the United Kingdom. Chinese ports have been shut for lengthy intervals, including to produce chain disruptions.

“New Zealand cannot be immune to these challenges and the Government can’t control the price of food or petrol.”

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