The 4.1% annual inflation rate released this morning shows just how tough things have been for households in recent months.
Tag - Economic Trends
The latest electronic card transaction data from Stats NZ will not be the boost that some retailers will have hoped for.
Retailers are feeling cautious after the Reserve Bank’s decision this afternoon to increase the Official Cash Rate (OCR) 0.25% to 2.5%.
"When value is up but volume is flat, it tells us consumers are paying more for the same basket of goods. That's not the same as a genuine increase in retail...
Retail NZ is urging the Government to prioritise stimulating the economy and reducing cost-of-living in this week’s Budget.Â
Retail NZ says the Government has missed the opportunity to get people back out spending in their communities and encourage economic growth in today’s Budget.Â
“These figures show us that while New Zealanders’ budgets have taken a hit from the increase in fuel prices, they are still out in our stores buying the...
“Retailers will be breathing a sigh of relief that all food and freight will be considered a priority, behind critical life-supporting services, under...
“Retail NZ is pleased that the Government has recognised the illicit tobacco market is an immediate concern for New Zealand that requires targeted action now.”...
Retail NZ says retailers are largely in support of the Employment Leave Bill currently before select committee, but hold serious concerns about the proposed 12...
