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.
Māori households saw the highest inflation in the March quarter and price rises for cigarettes and tobacco had the largest impact on inflation for most household groups, Statistics New Zealand said.
The news that mattered this morning
New Zealand retail spending on electronic cards was lower than expected in April as consumers spent less on groceries, liquor and fuel in what Statistics New Zealand described as "unusual" figures.
In today's email we discussed the evolution of protein sources away from milk and meat, New Zealand's woeful productivity and the delay to replacing our maritime surveillance aircraft.
There is plenty of good news for the Government in NZIER’s latest set of quarterly predictions, released this week, although we may have to start working longer before we get a productivity pay rise. Thomas Coughlan reports
In today's email we covered the selection of two Westies as leader and deputy leader of the National Party, and asked whether Simon Bridges might defy the conventional wisdom that predicts he will end up as electoral roadkill.
Employment grew more than expected and unemployment fell more than expected in the December quarter, despite lower business confidence and fears by some that the economy slowed during and after the election.
In this morning's email we opened the police file of the latest investigation into former MP Todd Barclay, and we looked at the Government's plan to end the "moral panic" over meth residues.
In today's email we reported on the challenges facing next year's planned "digital first" census, dug into the document dump about the questions asked during coalition negotiations and detailed some grim reading on climate change.