petrol tagged posts

Tax Cuts Bring New Wave of Optimism

January 8, 2009 New Zealand FinanceNew Zealand Taxation  No comments

Riding atop of news of upcoming tax cuts and falling prices, the results of a new poll suggest that New Zealanders are experiencing a new surge of financial confidence for the 2009 year.

The referred to poll was conducted by Research New Zealand between the 26 of November to the 3rd of December. Over 500 people of 15 years of age or higher were interviewed via telephone, the survey is reported to have a 4.6% margin of error. Further adjustment was performed on the raw results to weigh them in proportion to a realistic distribution of New Zealand, aimed at realistically simulating New Zealand.

According to the survey almost 50% of New Zealanders expect their financial situation to be “A lot better” or “Somewhat better”...

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Inflation at Highest Rate in 18 Years

October 22, 2008 New Zealand Finance  No comments

According to figured released by Statistics New Zealand, the consumer price index reached a level of 1.5 percent in the September quarter.

The newest figures bring the inflation for the year to 5.1 percent, the highest it has been in the last 18 years. This comes to as no surprise to most analysts, many of whom predicted the exact figure. The rise attributed to a number of increases in the price of the measurement components of the CPI. Petrol and food price increases are attributed as being the two largest.

Food prices in the September quarter rose by 3.7 percent, with an almost 20 percent rise in vegetable prices. The newest food price figures bring the annual rate to 10.8 percent increase. There was a 4.6 percent rise in petrol prices...

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