Fruit and vegetable prices soar by 22.5%, driving NZ food price hike

The food price index in New Zealand has witnessed a steep rise, reaching a level not seen since September 1987, according to figures released...

New Zealand's 2023 budget: a balancing act amid inflation and climate challenges

The New Zealand Government has said that the 2023 Budget, strikes a delicate balance between supporting citizens with the current cost of living pressures...

Rising interest rates challenge NZ households and businesses

In the midst of an economic landscape marked by soaring inflation and a tightening labour market, New Zealand's households and businesses are navigating the...

Combating New Zealand's economic woes through prudent policy and informed consumer choices

New Zealand is grappling with a series of interconnected economic challenges, including soaring inflation, increased debt servicing costs, and sector-specific pressures.

Inflation in New...

Rising wages outpace inflation with more Kiwis in work

New Zealanders are experiencing record employment rates and increasing wages, with the government's economic plan generating additional jobs and higher earnings to help alleviate...

Inflation bites New Zealand households: Food and housing costs surge

Food and housing costs have driven up inflation for all household groups in New Zealand, with the cost of living for the average household...

Housing and household utilities contribute to New Zealand's inflation spike

New Zealand's inflation rate has remained at levels unseen since the 1990s, with the consumers price index increasing by 6.7% in the 12 months...

Electronic card transactions surge in March 2023, driven by retail industries

Spending in retail industries increased by 0.7% ($45 million) in March 2023 compared to February 2023, according to data published by Stats NZ...