Inflation still running hot at 6%
Adrian refused to say that Robbo’s big spending budget was inflationary, put his cue in the rack…and now we are up the creek without a paddle. Kiwi’s know it too, they know it when the go to supermarket, they know it when they go to the petrol station, they know it when they get their rates bill. They know they’ve been let down by this government and Grant Robertson, and his hand-picked lackey at the Reserve Bank.
https://i.stuff.co.nz/business/13256...lection-update
‘Annual inflation has dropped to 6%, but domestic price pressures in the economy remain more stubborn than some economists had expected.
Stats NZ reported that annual non-tradeable inflation, which is generally regarded as a better measure of domestic price pressures, was running at 6.6% in the June quarter, above ANZ’s 6.4% forecast.’