Cost of living, inflation ‘front of mind’ – Carmel Sepuloni

Cost of living, inflation 'front of mind' - carmel sepuloni

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New Zealand’s first Pasifika deputy prime minister was sworn into her new role yesterday.

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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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In This Story: New Zealand

New Zealand is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island and the South Island —and around 600 smaller islands, covering a total area of 268,021 square kilometres.

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