.....while his colleagues announce more spending
The inflation story from the Beehive has changed. Whereas global price pressures were being blamed a year ago, the culprit now is Cyclone Gabrielle.
The consumers price index increased 6.7 per cent in the 12 months to March 2023, according to figures released by Stats NZ today. That’s an improvement on the 7.2 per cent increase in the 12 months to December 2022.
But inflation is still at levels not seen since the 1990s, Stats NZ consumer prices senior manager Nicola Growden said.
