Nicola Willis blames ‘Trump spike’ after inflation reaches two-year high | RNZ
Nicola Willis blames ‘Trump spike’ after inflation reaches two-year high | RNZ
RNZ ·
Nicola Willis blames ‘Trump spike’ after inflation reaches two-year high | RNZ
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{"v":1,"chapters":[{"timeSeconds":1,"label":"Inflation reaches two-year high","summary":"Inflation in New Zealand has reached a two-year high, with prices at the pump continuing to rise. This is expected to reduce the pressure on inflation."},{"timeSeconds":15,"label":"Inflation without Trump spike","summary":"Without the 'Trump spike' in fuel prices, inflation would have been back in the target band of 2.9 percent. This is considered encouraging data."},{"timeSeconds":25,"label":"Lowest non-tradable inflation in years","summary":"The economy has experienced its lowest non-tradable inflation in five years. This indicates that the underlying factors driving inflation are being better controlled."},{"timeSeconds":37,"label":"Falling food prices","summary":"Food prices have also seen a decrease, dropping back from double-digit figures seen previously. Some food items have actually decreased in price."},{"timeSeconds":48,"label":"Government's fiscal approach","summary":"The government's fiscal approach involves being prudent and disciplined. This is seen as a way to manage inflation and support the economy."},{"timeSeconds":133,"label":"Impact of international oil shock","summary":"The international oil shock is identified as the primary cause of the current high inflation. In its absence, inflation would have remained within the target band."},{"timeSeconds":205,"label":"New Zealand's inflation compared to OECD","summary":"New Zealand's inflation rate is lower than the OECD average, which is 4.6 percent. This suggests a relatively better economic performance compared to other developed countries."},{"timeSeconds":215,"label":"Government's commitment to renewable energy","summary":"The government is committed to increasing renewable energy generation, aiming to double the amount of renewable electricity in the next eight years. This is seen as a way to reduce reliance on fossil fuels and stabilize energy prices."}]}
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