There is no doubt life is becoming much more expensive in New Zealand as inflation hits a three-decade high, influenced by both domestic and international factors such as increased food, energy and housing costs, pent-up demand for consumer goods, and ongoing supply-chain disruptions.
In the 12 months to December 2021, Consumer Price Index (CPI) inflation surged to 5.9%, compared with 4.9% in September, 3.3% in June, and just 1.5% in March.
