Cost of living: Inflation rates underestimate New Zealanders’ true pain, data shows
New Zealanders have faced a higher rise in costs than the official inflation rate, data from Stats NZ shows.
The latest Household Living-costs Price Indexes (HLPI) showed a 7.7 per cent increase in costs for the average New Zealand household in the year to March 2023.
The official inflation rate for the same time was 6.7 per cent.
Increases in the cost of food, rent and interest payments were the main contributors to this increase.
Official Inflation went from 7.2 to 6.7 and the Peakers are out in force claiming inflation has been tamed and we can all get back to the orgy of capitalism fuckfest we all know and love.
These Peakers are wrong!
Dig into the Official Inflation numbers, food inflation is exploding above 20%, the drop was due to petrol prices down over 8%.
This was driven by Biden tapping his oil reserves to bring in global price stabilisation.
OPEC responded by announcing global cuts which take effect next month in May.
This at the very same time as the Government’s subsidy comes off petrol prices.
What this all means, is that as the full impact of the cyclone on horticultural industry hits food prices, we will have a spike in petrol prices.
Orr will raise by another 50 points because he knows what is coming.
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Just went to the IRD site and worked out tax on 60k – it’s 11k or 18% tax rate. If CPI goes up 15% (which at current rate is about 2 years worth) and you get a pay rise equal to that, then you get a 9k pay rise. But tax on that is at 30% meaning you are now paying an extra $20 PER WEEK in tax (compared to it being taxed at that 18% rate).
Forget about those 300 rich families and CGT – the real suckers paying more tax to the govts bulging coffers is the poor and middle class. And they’ve ruled out indexing the tax bands. They are not our friends.
There must be a workaround for those on median wage, did the elites use trusts to halve their tax or was that exploiting something other than income?
I want school/ work lunches for everyone ( adults In cluded ) earning 70k and under. Gluten Free options also.
@ Marco+Battler. You forgot to add a three day working week, six week’s annual leave and 21 days sick leave entitlements and vegetarian/vegan options with the free lunches.
Lower prices woild mean less GST income. We do not want that, do we?
How could we then subsidise buyers of $80k EVs?
What a sad idea – to force inflation rises on us that are unaffordable to illustrate what shitty methods are being used for tracking inflation for the regular person in NZ. One that manages to allow housing to go sky high yet hardly register on the inflation count, and float away while people are holding onto the ropes in a tug of war. We aren’t so gormless that we haven’t noticed this and commented on it you smooth, slimy graph builders. We can’t live in graphs.
My suggestion is to return to material measures. Like Bill Phillips. The Moniac. Go back to basics – it runs on water and so should economists and financiers. No whiskies and fine wine for you lot. I’m serious. Behave or a woke dominatrix will pull your pants down and give you a good whipping. You will not enjoy this, or else. Get moving before the fun part stops and the angry smelly lumpenproletariat start lumping around your sacred well designed portals.
https://www.youtube.com/watch?v=rAZavOcEnLg The Reserve Bank’s Moniac. Do not allow deterioration of the machine or the Reserve Bank through stupidity and mismanagement and result in a moaniac.
Terry Pratchett has a good light read in this line – ‘Making Money’.
https://en.wikipedia.org/wiki/Making_Money
Ok it is no secret that the world is turning to crap…do people want to be spectators or do something? that is the key question…
Passivity, imported political weirdness and online commenting are not what is needed right now. There is something practical almost everyone can do in each community, street, suburb, and region.
What are YOU doing?
I’m interested in what Tiger M says – Martyn can we have what I think is called a sticky post that pops up in the Raw Feed or somewhere down in the cheese cellar where the magic cultures are all working to produce some gourmet politics?
When someone puts something on the sticky post, it will pop up into Raw Feed. Maybe while lying quiet it would be accessed from the Active Bloggers – Bloggers heading at top. So always accessible for past ideas and able to be used somehow from in Raw for new ones. Is that possible and feasible?
Then we could read what is happening from all the disparate people and groups around the rohe and feel inspired to follow up ourselves within our own location. I feel a need for this to prevent hopelessness from getting control of our minds. Merely seething with anxiety and simmering with ideas becomes an empty existence at end. Thinking Well I tried, soothes the mind but if it doesn’t lead to betterment it is hollow. I want to know what good ideas are working and doing. I supported Values, I supported New Labour, I supported Greens but it all has a Pastor Niemoller feel to it now. (Don’t know him, look him up – he’s a worthy one to know about.)
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