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Reuters
Reuters
Business
By Lucy Craymer

New Zealand floods add to inflation challenge for new prime minister ahead of vote

Chris Hipkins Inflation New Zealand Jacinda Ardern Labour Party Auckland Headache Infometrics National
FILE PHOTO: Chris Hipkins speaks to members of the media, after being confirmed as the only nomination to replace Jacinda Ardern as leader of the Labour Party, outside New Zealand's parliament in Wellington, New Zealand January 21 2023. REUTERS/Lucy Craymer//File Photo

The worst flooding in New Zealand's biggest city Auckland is heaping more inflationary pressure and is posing a fresh cost-of-living headache for prime minister Chris Hipkins, who is trying to win back support for his party ahead of elections this year.

Hipkins, who replaced Jacinda Ardern as prime minister and leader of the Labour Party last month amid a backlash over COVID-19 restrictions, rising cost of living and a worsening housing crisis, has his work cut out, analysts and political observers say.

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