Kiwi importers are starting to feel the pinch
Kiwi importers are starting to feel the pinch
3 September 2019
The New Zealand dollar has been on a gradual slide over the last few weeks, and fell below 63 US cents last week, though has recovered slightly.
The US and China have started imposing additional tariffs on each other's goods in the latest escalation in their bruising trade war.
Economist Cameron Bagrie says as the global economy deteriorates the New Zealand dollar will remain weak, which is bad news for consumers.
He says people could be in for a shock come December when prices go up because of importer price inflation.
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