https://www.stuff.co.nz/business/127...hoots-up-to-59
The inflation rate has jumped to 5.9 per cent, Stats NZ has reported.
Consumer prices during the three months to the end of December put the annual inflation figure at its highest level since June 1990.
National Party finance spokesman Simon Bridges said Finance Minister Grant Robertson needed to “rein in his spending to avoid adding more fuel to the inflationary fire”.
“With wage growth of only 2.4 per cent, well under half of inflation’s growth, New Zealanders are going backward. At the same time, we’ve got rising interest rates and record amounts of government spending,” he said.