It's not price-hiking it's how we're price-hiking. Garth Bray 2degrees Business…

It's not price-hiking it's how we're price-hiking. Garth Bray 2degrees Business| Herald NOW Business <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Introduction to 2degrees Business Wrap","summary":"The segment introduces the 2degrees Business Wrap, a news segment focusing on business topics. It references old, shocking advertisements from about 20 years ago."},{"timeSeconds":17,"label":"The \"Price-Hiking\" Debate","summary":"The host discusses the Reserve Bank of New Zealand's perspective on inflation. The tagline is 'It's not the drinking, it's how we're drinking'."},{"timeSeconds":24,"label":"Understanding Inflationary Expectations","summary":"The discussion shifts to how businesses perceive inflation. It's suggested that the real issue is not just price hikes, but the expectation of inflation."},{"timeSeconds":35,"label":"Peer Pressure and Inflation","summary":"When businesses see inflation above 3%, they tend to add more fuel to the fire. Larger firms are more likely to lead these price hikes."},{"timeSeconds":48,"label":"The Reserve Bank's Dilemma","summary":"The Reserve Bank may need new tools to combat spiraling inflation. This is compared to the 'drunken uncle' scenario, implying a difficult situation."},{"timeSeconds":55,"label":"Impact on Consumers and Councils","summary":"The segment touches on how these inflationary pressures affect councils and electricity companies, leading to further price increases for consumers."},{"timeSeconds":101,"label":"Consumer's Limited Options","summary":"Businesses are ramping up prices, leaving consumers with little choice but to pay more. This results in a 'financial hangover' for everyone."}]} <!--/mynz:youtube-chapters-->