Chris Luxon on inflation hitting 30-year high

nzherald.co.nz published this video item, entitled “Chris Luxon on inflation hitting 30-year high” – below is their description.

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About This Source - nzherald.co.nz

The New Zealand Herald is a daily newspaper published in Auckland, New Zealand, owned by New Zealand Media and Entertainment, and considered a newspaper of record for New Zealand.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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