The Consumer Price Index (CPI) out on Thursday revealed the inflation rate for Kiwi households is at a whopping 6.9 percent, just shy of the 7 percent predicted ...
But Prime Minister Jacinda Ardern says other countries are also experience high rates and it was very much a global issue. Latest statistics show a 6.9 percent ...
"But the reality is that for many families the pressure from these high prices are real. "High inflation is not experienced equally, and for people on the lowest incomes this means struggling to pay the rent and put food on the table," Genter said. He also pointed to the increase in government spending and the $6b allocated for new spending in the upcoming Budget. "Chinese ports have been shut for long periods, adding to supply chain disruptions. "The Government's refusal to take responsibility is the equivalent of it giving the middle finger to middle New Zealand." New Zealand cannot be immune to these challenges and the Government can't control the price of food or petrol," Robertson said.