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The Latest Breaking News from Stats NZ

Rocks ahead! Leaders struggle at the helm of the world economy

As food prices soar a near record 11.3 percent today, there's a new outcrop of inflation looming, Jonathan Milne reports. NZ and the world now face a hard landing in which millions may lose their livelihoods.

Newsroom.co.nz

Labour costs drive building firms to the wall: ‘The guys all have kids to feed’

The liquidation of Sinbad Construction highlights new workforce woes hurting the industry – and Stats NZ says building labour costs are driving up inflation.

Newsroom.co.nz

Inflation staying hot in NZ at 7.2 pc

Housing, petrol and diesel and vegetable costs are all soaring in New Zealand, where CPI inflation has been measured at 7.2 per cent in the year to September.

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Craftier cuts on the menu as food prices continue to outstrip restaurants

Rising food costs have restauranteurs looking to utilise secondary cuts of protein to claw back some margin.

Newsroom.co.nz

Rate of sea level rise around New Zealand doubles in past 60 years

Climate change named as major driver, with up to $14bn in infrastructure at risk from higher sea levels

The Guardian - AU

New Zealand avoids recession as eased Covid measures help spur 1.7% GDP growth

After a decline in the previous quarter, the economy rebounded on the back of spending on travel and recreation

The Guardian - AU

Rising food prices: Why one café is now charging $8.50 for a flat white

Stats NZ says food prices have risen 8.3 percent in the past year; the man selling New Zealand's most expensive takeaway coffee explains why.

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New Zealand food inflation highest for 13 years as vegetables and dairy drive prices

Grocery costs rose 8.3% in August, figures show, thanks to a 6.7% rise in eggs last month and a 15% surge in fruit and vegetables

The Guardian - AU

New Zealand fruit and veg costs rise 15pct

Grocery prices are surging as New Zealand continues to battle a cost of living crisis with inflation on the charge.

AAP

Australia is in the middle of a cost-of-living crisis but we're not the only ones. Here’s what inflation looks like around the world

Australia's inflation rate is the highest it's been in 21 years and we're not the only country feeling the sting of rising costs.

ABC News

New Zealand inflation hits 7.3%, the highest rate since 1990

Pain for households as consumers price index for June quarter exceeds forecasts and more interest rate rises loom

The Guardian - AU

Finally our unemployment figures make sense

We have record-low unemployment numbers but more people receiving the Jobseeker Work-Ready Benefit than there were before Covid – why? By Eric Crampton

Newsroom.co.nz

Taking the temperature on sick leave

We’re told to stay home when we’re sick – but for many workers, that’s an almost impossible ask. Should employers be doing more?

Newsroom.co.nz

Reserve Bank warns of more construction firm collapses

New developments in the collapse of Decmil Construction NZ highlight how one falling domino can endanger struggling building firms throughout the country

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Dogfight over Tarras airport

As Christchurch airport pushes its case for a new international gateway in Central Otago, the chiefs of Queenstown, Dunedin and Invercargill airports are attempting to shoot the plan down.

The Guardian - AU

More people leaving New Zealand than entering as young flee high cost of living

Thousands head overseas, partly because of economic conditions, with departures accelerating and labour shortage feared

Newsroom.co.nz

Census delay planning began last June, documents show

National MP stands by his prediction the census, scheduled for next year, will be delayed

Newsroom.co.nz

Markets near lowest point since big Covid sell-off

NZ sharemarket at 20-month low as global markets continue to fall

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Govt's data ethics panel missing in action

The Government insists the Data Ethics Advisory Group is still active, even though it hasn't met in over a year.

Newsroom.co.nz

Interest payments biggest rising cost for many households

Middle to high spending households are now feeling the pain of inflation once suffered by those on lower incomes, with interest payments now the sharpest hurt.

Newsroom.co.nz

Omicron’s arrival in Beijing could lead to more supply chain disruption

Business & Investing: Fear returns to markets as investors turn bearish, and Kiwi dollar at three-month low against US dollar

Newsroom.co.nz

March quarter CPI will show new inflation shock

Business & Investing: Inflation worldwide is causing a rethink of economic policy, with markets gloom exacerbated by the strong ripple effects of the war in Ukraine

Newsroom.co.nz

'Constitutionally inappropriate': The fight over Stats NZ's future

New legislation would put a greater focus on administrative data and the statistics agency's ability to provide information to other agencies for policy development.

Newsroom.co.nz

Air NZ rights issue sloppy and confusing

Business & Investing: NZX puts stock in trading halt after 'administrative error', while NZ and Australian sharemarkets barely moved last week

AAP

NZ GDP up three per cent in Q4 2021

Stats NZ has reported the Kiwi economy grew by three per cent in the December quarter, bouncing back from a 3.6 per cent loss in September.

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