Stats NZ media release
18 July 2022
The consumers price index increased 7.3 percent in the June 2022 quarter compared with the June 2021 quarter, Stats NZ said today.
The 7.3 percent increase follows an annual increase of 6.9 percent in the March 2022 quarter, the previous largest annual movement since a 7.6 percent increase in the June 1990 quarter that occurred shortly after the introduction of Reserve Bank of New Zealand Act 1989. The Act came into effect in February 1990 to target the high inflation from the previous decade and maintain stability in the general level of prices over the medium term.
The main driver for the 7.3 percent annual inflation to the June 2022 quarter was the housing and household utilities group, due to rising prices for construction and rentals for housing.
Prices for the construction of new dwellings increased 18 percent in the June 2022 quarter compared with the June 2021 quarter.
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She will just blame the virus , the war and the unvaccinated.
Nothing will happen, everybody is asleep in NZ.
She probably won’t call it “Putin’s price rise” as Biden did, she’s not quite that stupid. But she won’t accept that her covidiocy reaction has been the main cause of construction cost increase and that tax increases on ‘illegitimate vehicles’ has caused them to jump in price.
The Government’s money tree must have run out.
It has but they’ll keep borrowing from the Globalist financiers
It’s okay your grandchildren will pay it off and if there isn’t enough of them left the immigrants will through slave labour, until they perfect their robot replacements that is. Enjoy the days you have left, resistance is futile, the masses are asleep! Quit work and live your life, grow your garden, where ever it may be, on your land or DOC land or someone else’s land. There aren’t enough of them to police it all. YET!