Latest / The Kākā by Bernard Hickey
Why we're missing out on sharply lower inflation
TL;DR: Just when most of the rest of the world’s inflation rates are falling, Aotearoa-New Zealand faces high inflation and mortgage rates for longer next year as record high net migration, rising rents and council rate hikes tolerated and provoked by the new National-ACT-NZ First Government’s policies inflate housing costs for all.
Elected to lower the cost of living, the coalition’s policies are actually unleashing a wave of new Government and council fees, rent hikes, council rates increases and domestic inflation that will keep mortgage rates and housing costs higher for longer for all…
The skinny
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