Grant Robertson: Finance Minister says there isn't a way to 'magic away' global pressures, price rises
Prepare for prices to keep rising, but perhaps at a slightly slower pace.
CPI data out this morning is expected to show the inflation rate has hit about 7.1 percent in the year to June, a three-decade high.
While that's likely to be the peak of the current inflationary period, it won't be the end of it.
Finance Minister Grant Robertson told Tim Dower there isn't any way to "magic away" the global pressures, that are continuing to push prices up.
“There are major global forces like the war in Ukraine and the supply chain constraints that are hitting us that are still going to carry on.”
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