News | Business
27 May 2024 19:00
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Inflation is slowing, but many New Zealanders are still getting poorer

    Inflation is slowing, but many New Zealanders are still getting poorer

    Latest figures show the Consumer Price Index increased four-percent in the year to March, down from 4.7 percent in the year to December.

    Council of Trade Unions Economist, Craig Renney, says prices are still rising twice as fast as the minimum wage.

    He says food prices are starting to stabilise, but petrol is rising quickly, and rents are going up at the fastest rate since 1999.

    Renney says inflation is being driven by rents, rates and insurance prices -- all domestic factors that don't respond well to high interest rates.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     27 May: The Auckland Business Chamber survey has highlighted low confidence in business across the spectrum
     27 May: Wellington City Council could sell only some of its airport shares
     26 May: The Finance Minister is playing down any major surprises in this week's Budget
     26 May: Relief for tenants as rental costs hold steady
     26 May: Bay of Plenty remains the most expensive region to rent
     25 May: Respiratory illnesses like influenza are expected to peak earlier this year
     24 May: Wellington Water's chief executive says someone in the company had an inkling about a budget error
     Top Stories

    New coach Ross Filipo is placing priority on continuing the work done by previous coaches in building the legacy of the Maori All Blacks More...

    The Auckland Business Chamber survey has highlighted low confidence in business across the spectrum More...

     Today's News

    Bodies being pulled from rubble as people use shovels, bare hands to dig after landslide strikes remote PNG village 18:57

    Law and Order:
    The family of a person critically injured at an Auckland pool says they weren't holding their breath underwater 18:57

    Filmmaker Morgan Spurlock has died aged 53 18:47

    Uncertainty from tennis ace Rafael Nadal over whether this year's French Open will be his last 18:37

    Living & Travel:
    Visitor to Taiwan hit with $9,000 fine over 'roast chicken and pork combo' lunch box 18:27

    Michael Richards could have his Laugh Factory comedy club ban lifted years after his infamous racist rant at the venue 18:17

    Former Silver Fern Gina Crampton's revealed she's fielded emergency call-up enquiries from multiple ANZ Premiership teams 18:17

    Black Caps opener Devon Conway feels the injury that ended his summer of cricket was a blessing in disguise 18:17

    The Auckland Business Chamber survey has highlighted low confidence in business across the spectrum 17:57

    Jeremy Strong is tipped to play Bruce Springsteen's manager in an upcoming film about the singer's seminal 'Nebraska' album 17:47

     News Search

    Power Search

    © 2024 New Zealand City Ltd