Latest FromEconomy
![Respite from interest rate hikes looms as unemployment rises](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Respite from interest rate hikes looms as unemployment rises
First signs of a slowdown have emerged in labour market data, economists say.
![Unemployment rises, wage growth hits all-time record](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Unemployment rises, wage growth hits all-time record
Leaping labour costs: Biggest increase since index started in 1992.
![Supply Shock: Where economists expect price rises in wake of flood](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Supply Shock: Where economists expect price rises in wake of flood
Impact to wider economy marginal, but flooding means more disruption to supply chains.
![North Island floods may cost economy about $466 million, economist says](/pf/resources/images/placeholders/placeholder_l.png?d=793)
North Island floods may cost economy about $466 million, economist says
It is still too soon to know the full extent of the damage, economist Brad Olsen said.
![Sharp deal: $630,000 Onehunga place goes for $465,000](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Sharp deal: $630,000 Onehunga place goes for $465,000
Patience and determined negotiating put him on the property ladder.
![Can you afford a hit of $800 per fortnight? The poison dart in NZ’s economy](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Can you afford a hit of $800 per fortnight? The poison dart in NZ’s economy
Rising interest rates have a delayed impact.
![Westpac follows ASB and lifts home loan rates](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Westpac follows ASB and lifts home loan rates
Big bank will lift its short-term mortgage rates but lower its long-term ones.
![Immigration is not the silver bullet, says economist](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Immigration is not the silver bullet, says economist
'Risks attached to loosening the settings too much in the current economy.'
!['Not much money left over': Poor families struggling to get by](/pf/resources/images/placeholders/placeholder_l.png?d=793)
'Not much money left over': Poor families struggling to get by
Shoppers are feeling the pinch as grocery prices continue to rise.
![‘Brings tears to my eyes’: Family consider selling after $2600 monthly interest rate rise](/pf/resources/images/placeholders/placeholder_l.png?d=793)
‘Brings tears to my eyes’: Family consider selling after $2600 monthly interest rate rise
Rising inflation is likely to bring even more pain to young home owners.
![Chris Hipkins to meet with business leaders](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Chris Hipkins to meet with business leaders
New PM in Auckland to hear from heads of industry.
![Inflation remains at annual rate of 7.2 per cent](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Inflation remains at annual rate of 7.2 per cent
Inflation has remained at an annual rate of 7.2 per cent, driven by higher prices for airfares, food and housing-related costs. Video / NZ Herald
![Liam Dann: Inflation data offers little for new PM to cheer about](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Liam Dann: Inflation data offers little for new PM to cheer about
The topline numbers remained stubbornly unmoved from the previous quarter.
![Airfare pain: Whopping surge in international prices](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Airfare pain: Whopping surge in international prices
Latest CPI figures confirm travellers have suffered from eye-watering fares.
![Latest inflation stats: Rising cost of housing, food and transport](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Latest inflation stats: Rising cost of housing, food and transport
The consumers price index shot up by 7.2 per cent, but some "encouraging" signs noticed.
![Builder insolvency to cost creditors $698,000](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Builder insolvency to cost creditors $698,000
A slew of problems, some pandemic-related, seem to have struck another builder.
![How four retailers helped drive retail sales to record $1.7b](/pf/resources/images/placeholders/placeholder_l.png?d=793)
How four retailers helped drive retail sales to record $1.7b
$200m of sales made in December alone.
![After a pay rise this year? Don't bank on it](/pf/resources/images/placeholders/placeholder_l.png?d=793)
After a pay rise this year? Don't bank on it
Tight control over salary budgets a hard truth for many employees.
![Auckland housing developer folds after lender says ‘no’](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Auckland housing developer folds after lender says ‘no’
Five big problems blamed for housing developer's failure.
![Opinion: Ban crypto and its parasitic thievery](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Opinion: Ban crypto and its parasitic thievery
OPINION: After last year’s meltdown, you would think we’d seen the back of crypto.
![Migration gain picks up steam in November](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Migration gain picks up steam in November
The country attracted more migrants in November, building momentum on earlier gains.
![Treasury to take ‘extraordinary measures’ as US hits debt ceiling](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Treasury to take ‘extraordinary measures’ as US hits debt ceiling
Financial Times: Plea to raise borrowing limit sooner rather than later to avoid default.
![Greta Thunberg slams leaders' lack of climate action](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Greta Thunberg slams leaders' lack of climate action
The young activist was at the annual meeting of the World Economic Forum in Davos.
![Households’ finances moving from squeezed to crushed, economist warns](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Households’ finances moving from squeezed to crushed, economist warns
Pressure on family budgets will become more intense this year.
!['Not in my back yard': Auckland residents fight housing intensification plans](/pf/resources/images/placeholders/placeholder_l.png?d=793)
'Not in my back yard': Auckland residents fight housing intensification plans
Neighbours want to stop 467 new houses in Orewa and 81 in Beach Haven.
![Nightmare before Christmas: IRD owed $1.1m, creditors $460k - what to do?](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Nightmare before Christmas: IRD owed $1.1m, creditors $460k - what to do?
Troubles hit another builder - just before Christmas.
![Failed Canterbury house-builder forecast to owe $1m+](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Failed Canterbury house-builder forecast to owe $1m+
"Struggled with delays around building materials and consents."
![World Bank warns global recession a looming threat](/pf/resources/images/placeholders/placeholder_l.png?d=793)
World Bank warns global recession a looming threat
Forecast slashed due to weakening growth expected in world's top economies.
![House construction inflation sets new annual record](/pf/resources/images/placeholders/placeholder_l.png?d=793)
House construction inflation sets new annual record
Despite a recent slowdown the overall trend is one of surging costs.