ℕℤ 𝕘𝕠𝕧𝕖𝕣𝕟𝕞𝕖𝕟𝕥 𝕟𝕖𝕖𝕕𝕤 𝕥𝕠 𝕔𝕦𝕣𝕓 𝕤𝕡𝕖𝕟𝕕𝕚𝕟𝕘 𝕒𝕤 𝔸𝕦𝕤𝕥𝕣𝕒𝕝𝕚𝕒 𝕚𝕟𝕗𝕝𝕒𝕥𝕚𝕠𝕟 𝕣𝕚𝕤𝕚𝕟𝕘 𝕗𝕒𝕤𝕥𝕖𝕣 𝕥𝕙𝕒𝕟 ℕℤ 🤣🤣
ℕℤ 𝕘𝕠𝕧𝕖𝕣𝕟𝕞𝕖𝕟𝕥 𝕟𝕖𝕖𝕕𝕤 𝕥𝕠 𝕔𝕦𝕣𝕓 𝕤𝕡𝕖𝕟𝕕𝕚𝕟𝕘 𝕒𝕤 𝔸𝕦𝕤𝕥𝕣𝕒𝕝𝕚𝕒 𝕚𝕟𝕗𝕝𝕒𝕥𝕚𝕠𝕟 𝕣𝕚𝕤𝕚𝕟𝕘 𝕗𝕒𝕤𝕥𝕖𝕣 𝕥𝕙𝕒𝕟 ℕℤ 🤣🤣
𝔸𝕤 𝕠𝕡𝕡𝕠𝕤𝕚𝕥𝕚𝕠𝕟 𝕡𝕒𝕣𝕥𝕚𝕖𝕤 𝕒𝕣𝕖 𝕦𝕣𝕘𝕚𝕟𝕘 𝕥𝕙𝕖 ℕ𝕖𝕨 ℤ𝕖𝕒𝕝𝕒𝕟𝕕 𝕘𝕠𝕧𝕖𝕣𝕟𝕞𝕖𝕟𝕥 𝕥𝕠 𝕔𝕦𝕣𝕓 𝕤𝕡𝕖𝕟𝕕𝕚𝕟𝕘 𝕒𝕤 𝕥𝕙𝕒𝕥 𝕚𝕤 𝕔𝕒𝕦𝕤𝕚𝕟𝕘 ℕℤ'𝕤 𝕙𝕚𝕘𝕙 𝕚𝕟𝕗𝕝𝕒𝕥𝕚𝕠𝕟. 𝕋𝕙𝕖 ℕ𝕖𝕨 ℤ𝕖𝕒𝕝𝕒𝕟𝕕 𝕘𝕠𝕧𝕖𝕣𝕟𝕞𝕖𝕟𝕥 𝕤𝕡𝕖𝕟𝕕𝕚𝕟𝕘 𝕙𝕒𝕤 𝕟𝕠𝕨 𝕔𝕒𝕦𝕤𝕖𝕕 𝔸𝕦𝕤𝕥𝕣𝕒𝕝𝕚𝕒𝕟 𝕚𝕟𝕗𝕝𝕒𝕥𝕚𝕠𝕟 𝕥𝕠 𝕣𝕚𝕤𝕖 𝕗𝕒𝕤𝕥𝕖𝕣 𝕥𝕙𝕒𝕟 ℕℤ.🤣🤣🤣 𝕆𝕣, 𝕞𝕒𝕪𝕓𝕖 𝕚𝕥 𝕚𝕤 𝕒 𝕘𝕝𝕠𝕓𝕒𝕝 𝕡𝕣𝕠𝕓𝕝𝕖𝕞?
K
iwis hoping to escape inflation by moving to Australia or holidaying there may be in for a disappointment.
Price rises in Australia outstripped those in New Zealand in the first three months of this year, figures released by Australia’s Bureau of Statistics show.
Annual inflation in the year to the March quarter is still higher in New Zealand, at 6.9%, than in Australia, where annual inflation over the same period reached 5.1%.
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But the two countries’ latest figures show price rises in Australia overtook those in New Zealand in the first three months of this year, with quarter-on-quarter inflation hitting 2.1% in Australia and 1.8% in New Zealand.
Inflation now rising faster in Australia than in NZ https://t.co/NPrPz9sP6z Yeah and lets blame Jacinda and Grant for all that wasteful spending causing trans tasman inflation too aye Scott Morrison
— Elephant in the room (@LetsGetPfizered) April 27, 2022
Annual inflation in Australia was up from 3.5% in the December quarter and ahead of market expectations, whereas the jump in annual inflation from 5.9% to 6.9% in the most recent quarter in New Zealand was a little below market forecasts.
As in New Zealand, a surge in the price of new houses and petrol were among the biggest contributors to higher prices in Australia.
Jarden’s chief economist in Australia, Carlos Cacho, said it was important to note annualinflation for essential items was running at 6.6% “highlighting the cost of living pressure currently hitting Australian households”.
Annual inflation stands at a 31-year high in New Zealand and a 21-year high in Australia, but may be converging at a similar level.
Capital Economics economist Marcel Thieliant forecast annual inflation in Australia would top 6% before it fell and would prompt Australia’s Reserve Bank to hike its official cash rate – which currently stands at just 0.1% – to 0.5% in June.
Jarden’s chief economist in Australia, Carlos Cacho, said it was important to note annualinflation for essential items was running at 6.6% “highlighting the cost of living pressure currently hitting Australian households”.
Annual inflation stands at a 31-year high in New Zealand and a 21-year high in Australia, but may be converging at a similar level.
Capital Economics economist Marcel Thieliant forecast annual inflation in Australia would top 6% before it fell and would prompt Australia’s Reserve Bank to hike its official cash rate – which currently stands at just 0.1% – to 0.5% in June.
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That rate hike would be after the Australian federal election on May 21, though some economists are now tipping a higher chance of a rate rise before the election in the wake of the inflation figure.
BNZ research head Stephen Toplis has said the jury is out on whether annual inflation will top 7% in New Zealand later this year.
The average annual rate of inflation across the OECD stood at 7.7% in February, up from an annual rate of just 1.7% in February last year.
That rate hike would be after the Australian federal election on May 21, though some economists are now tipping a higher chance of a rate rise before the election in the wake of the inflation figure.
BNZ research head Stephen Toplis has said the jury is out on whether annual inflation will top 7% in New Zealand later this year.
The average annual rate of inflation across the OECD stood at 7.7% in February, up from an annual rate of just 1.7% in February last year.
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