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John, shocking new data today proved what you’ve suspected: prices are skyrocketing, beyond the worst predictions. Inflation data for the September quarter released this morning shows prices rose 7.2 per cent in the past year, almost a full percentage point higher than the Reserve Bank expected. More dark tidings are on their way for Kiwis heading into Christmas, with record high prices and sharply rising interest rates putting even more pressure on your back-pockets. Don’t believe Labour’s spin – this isn’t all because of international factors. Domestic inflation rose to 6.6 per cent, the largest rise since Stats NZ began the measurement. Vegetables rose an astonishing 24% in the past three months. Labour’s addiction to spending is driving up inflation and costing you dearly. You deserve a real economic plan, not just more spending without results. National would tackle inflation by stopping wasteful spending, fixing worker shortages, adjusting tax brackets for inflation, reducing costs to businesses, and returning the Reserve Bank to a single inflation mandate. Click the link and share our post, so more Kiwis can see how badly Labour has failed on inflation: Nicola Willis |
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