Source: New Zealand Labour Party
Inflation is rising again and it’s landing hardest on families already stretched thin.
“For the second time this week, families already stretched by rising costs are hit with the news that prices are going up again,” Labour finance and economy spokesperson Barbara Edmonds said.
“It’s not just grocery prices that are high, it’s rates and rents too.”
On Tuesday, figures from Stats NZ showed food prices up 3.5 percent over the past year, with butter up a staggering 64 percent, milk up 16 percent, and meat up more than five percent. Now, new figures show that inflation is up across the board, including rates which have gone up 12.2 percent and rent, up 3.7 percent.
“With the shift to final year fees-free, prospective students are also being hit with a 22.6 percent increase in the cost to study right now. Coupled with rents and food prices, it’s a particularly hard time to be a student,” Barbara Edmonds sai
“The Government has spent billions on tax cuts but made life more expensive for people at the same time. The small amount each week is quickly eaten up by rising costs.
“They scrapped free prescriptions, cancelled half-price public transport, and chose not to lift the minimum wage in line with inflation. These are their choices, and it’s made life harder for New Zealanders.
“Nicola Willis also won’t say if she’s about to cut the Best Start or Winter Energy Payments. These are vital safety nets which help new parents pay the bills and older New Zealanders heat their homes in winter.
“These price hikes occurred before U.S. tariffs hit and there’s a lot of uncertainty ahead. Families need reassurance and real support, not more cuts and complacency,” Barbara Edmonds said.
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