Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.
Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.
Grant Robertson: Finance Minister says high inflation rate is a sign of the global times
Grant Robertson says the historically high rate of inflation is a sign of the global times.
Annual inflation has hit 5.9 percent for the 2021 calendar year - the highest inflation rate recorded in more than three decades.
Most economists expect the inflation rate to rise even further this year.
The Finance Minister told Tim Dower what New Zealand's experiencing is part of a global phenomenon, that's at least partly outside our control.
“It’s really challenging people, but an awful lot of it relates to Covid, supply chain and things that unfortunately will work their way through the system this year.”
Jordan James: Christchurch hair salon ditches gender-based pricing
Gender-based pricing has been given the chop at a Christchurch hair salon.
Instead, time and skill required will determine the cost.
There are hope this will make prices more inclusive and other salons will follow suit.
RU&CO hair spa brand manager Jordan James joined Tim Dower.
Roman Travers: It would be nice if the Government lived within it's means
You know how easy it is to spend other people‘s money right? Children and politicians are experts at it.
Most of us were confronted with yesterday's news regarding the rate of inflation and the impending impact we can expect to see on just about everything we purchase.
My grandfather told my mother - who also told all of her seven children that if you don’t have the money in your pocket - you can’t afford it.
Clearly that doesn’t apply to the purchase of something essential like somewhere to live. But perhaps if more of us were to live within our means instead of that constant hedonistic desire to keep up with everybody else hellbent on having the latest of everything, the country might be in a better place. Or would it?
Maybe if we had a government that was more honest about our financial situation and less inclined to spend other people’s money on questionably unessential frivolities, we might be in a better position.
We are constantly reassured that the country is in a good place by Jacinda Ardern and Grant Robertson, and yet most of us are like possums in the headlights of an oncoming Land Rover Defender at any significant changes to the CPI, inflation and interest rates; with many taking the hit head on.
The very people we voted in to help guide us through the tough times we're knee deep in, are the very people whose only mission appears to be in getting re-elected so the frivolous spending can continue.
Wouldn’t you love a government that lived within its means as you and I are trying to do? Wouldn't you love a government that was fully accountable for it's decisions as you and I are in our lives?
Those of us that work really hard just to afford a moderate life with the odd bit of fun, continue to be used as human ATMs for ministers of the crown who appear to think that hard work equates to hard times in the debating chamber.
Liam Dann: NZ Herald Business Editor at Large breaks down inflation numbers
Annual inflation has reached 5.9 percent - the highest in more than three decades.
It's the biggest movement since a 7.6 percent annual increase in the year to June 1990.
However, it's lower than many economists were predicting.
NZ Herald Business Editor at Large Liam Dann joined Kerre McIvor.
Sharon Zollner: ANZ Chief Economist on inflation figures set to be released today
Inflation could be about to reach its highest point in three decades -- and keep climbing for months to come.
The latest Consumer Price Index data is due out at 11 this morning.
Most economists are predicting an annual inflation rate of about six-percent for the 2020 calendar year.
ANZ Chief Economist Sharon Zollner told Tim Dower there's not much we can do to avoid the effects of high inflation, and there's not much we can do to prevent it.
“It’s really broad-based so it’s not as though you can avoid it by just changing up the stuff you buy, but it’s also a global phenomenon. This might not be the top of it.”
Tony Alexander: Independent economist says tightening of home lending rules has stripped away first home buyers ability to get into the mark
Things aren't looking any rosier for people trying to get on the property ladder.
A new CoreLogic report suggests the property market has moved past its peak growth rate.
However, independent economist Tony Alexander told Tim Dower that won't help first home buyers.
He says the tightening of home lending rules has stripped away their ability to get into the market.
“It’s been a heck of a last 12 months should we say, for first home buyers – and at the moment, it’s not that flash for them.”