The dirty little secrets inside our nation of inflation
National blames inflation on Labour’s ‘addiction to spending’. Labour says it’s ‘a global thing.’ Both are mostly wrong & a little bit right. Neither can handle the truth: it’s a housing thing.
TLDR: Aotearoa-NZ’s record-high 6.9% inflation rate is our worst since 1990 and it’s all any politician, voter, consumer, business owner, economist and central banker can talk about right now. Fair enough. It’s a big deal.
The trouble is this great inflation debate is so full of denials, deflections, diversions and disingenuities that the truth is being…
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