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…