Articles tagged Inflation

Nurses and teachers are pushing the Labour Government for massive pay increases, but the Government is rejecting their claims on the grounds of being fiscally responsible -- for now. Thomas Coughlan reports.

The effects of inflation have been much heavier in the last decade for poorer consumers than rich ones. That's because tax and policy moves have effectively been regressive, including increases in GST, fuel and cigarette taxes, along with falling prices for goods and services used more by richer consumers.

The Reserve Bank has left the official cash rate or OCR at 1.75 percent for the tenth consecutive decision. In a statement this morning the RBNZ said it expected the rate to stay at 1.75 percent for “some time to come”, with the risks of either cuts or increases evenly balanced.