Increasing prices were widely felt across all household groups in the September 2022 quarter, Stats NZ said today.
The cost of living for the average household, (as measured by the household living-costs price indexes) increased by 7.7 percent in the September 2022 quarter when compared with the September 2021 quarter. All household groups faced their highest or equal-highest annual cost-of-living increase since the series began in 2008.
Inflation experienced from the September 2021 quarter to the September 2022 quarter:
- all households was 7.7 percent
- beneficiary was 6.5 percent
- Māori was 7.7 percent
- superannuitant was 6.8 percent
- highest-spending households was 8.8 percent
- lowest-spending households was 6.5 percent.
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- Rising cost of housing and food prices leads to higher inflation for households
- Household living-costs price indexes: September 2022 quarter
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The National and Act parties are saying our Labour government is not managing our economy well with inflation at an all-time high of 7.2 having dropped from 7.3. But if we compare our country with others like our Aussie neighbours, their inflation rate has increased to 7.3 and the Canadians went from 6.9 up to 8.1 and the UK is 10 percent so does this mean all these countries who we like to compare or measure ourselves with, are they all not managing their economies well or is it just a sign of the times.
The National and Act parties are saying our Labour government is not managing our economy well with inflation at an all-time high of 7.2 having dropped from 7.3. But if we compare our country with others like our Aussie neighbours, their inflation rate has increased to 7.3 and the Canadians went from 6.9 up to 8.1 and the UK is 10 percent so does this mean all these countries who we like to compare or measure ourselves with, are they all not managing their economies well or is it just a sign of the times.
NZ New Zealand’s net profit for the year ended September rose 20 percent to $2.3 billion. While many people struggle to pay mortgage increases and other costs our banks are creaming it this doesn’t seem right. Why are our mortgage rates going up is this more corporate greed.
I meant ANZs net profit is 2.3 billion is this fair given we now have to pay more for our borrowing or are they being greedy?
as I repeat to the point of boredom….the inflationary pressures in NZ are from gouging not higher demand or god forbid wage increases…
Agree 100%
Also agree.
Also a lack of competition in terms of supermarkets destroying the farmers and removing so many horticulture/farms from around main cities for 1 million dollar spec housing or they are just a immigration/money laundering ponzi, so that many primary produce players have stopped growing, and there are less growers available and fruit and veg prices and food miles (petrol) higher.
Immigration scams where people who have zero idea of how to run a previously well run NZ business, destroy decades of previous labour and the places become derelict for years and the applicants are in the courts for murder, fraud, bad character, liquidations, OIO misuse etc.
Auckland murder: Victim Elizabeth Zhong’s vineyard company Carrick Wines $12m in debt
https://www.nzherald.co.nz/business/auckland-murder-victim-elizabeth-zhongs-vineyard-company-carrick-wines-12m-in-debt/KUFKHEHZCCLKIJLV43S7LZZCG4/
Foreign billionaire forced to sell West Auckland vineyard by OIO
https://www.nzherald.co.nz/nz/foreign-billionaire-forced-to-sell-west-auckland-vineyard-by-oio/27XFXGUYEP73KH2OJSG4OCXCFM/
Waiwera pools in hot water, as owners repossess property
https://www.stuff.co.nz/business/108098450/waiwera-pools-in-hot-water-as-owners-repossess-property
Overseas Investment Office investigating Trinity Hill vineyard buyer on good character grounds after he pleaded guilty to fraud charges in the US
https://www.interest.co.nz/rural-news/86951/overseas-investment-office-investigating-trinity-hill-vineyard-buyer-good