New Zealand Cost Crisis Drives Election Vows to Rein In Business
In New Zealand, the rising price of everyday items is sobering: bread costs 64% more than three years ago, butter is up 57% and electricity 27%. Hikes like these are...
By Tracy Withers · Bloomberg Markets
In New Zealand, the rising price of everyday items is sobering: bread costs 64% more than three years ago, butter is up 57% and electricity 27%. Hikes like these are causing politicians across the spectrum to propose radical market interventions to improve competition and lower costs ahead of next month’s election.