Get Ready For ‘Excuse-flation’ - That’s About To Drive Up Cost Of Living Even Further
"Excuseflation" is the secret reason your groceries, petrol and power keep going up.
Why did butter come down a third in global price... and only drop two cents on the shelf? Why does petrol rocket up in a day but crawl back down for months? There's a name for this: excuseflation, when real inflation gives businesses cover to hike prices for no real reason at all.
In this episode, financial journalist Frances Cook breaks down:
The real numbers behind headline inflation for NZ
The "rockets and feathers" effect: why petrol prices jump instantly but fall painfully slowly
The on-the-record quote…
The skinny
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