Tag: inflation
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Inflation Lies at Heart of Economic Thinking and Decision Making – What Are the Core Causes?
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Overview A report by Interest.co.nz argues that while conventional explanations of inflation, cost-push, demand-pull and inflation expectations, are true, they remain superficial. Despite these theories, inflation sits at around three percent per annum in New Zealand, even with a sluggish economy. The article suggests that deeper structural forces are at work, particularly the growth of…
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Only two sectors avoid real-terms pay cut over the year
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An article from RNZ reports that in the year to September, nearly all but two sectors in New Zealand experienced a real-terms pay cut once inflation is taken into account. Insights Our Thoughts This new data underscores how widespread the squeeze on real incomes has become in New Zealand, even while nominal wages rise slowly.…