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Inflation shock: NZ consumer prices surge 3.3 per cent


Inflation shock: NZ consumer prices surge 3.3 per cent
Inflation shock: NZ consumer prices surge 3.3 per cent
New inflation data shows prices rose even more than many expected in the June quarter.
The Consumer Price Index was up 3.3 per cent year - the market had forecast 2.7 per cent.
This was the biggest increase in nearly 10 years and was driven by higher prices for new housing and petrol, StatsNZ said.
Previously, annual inflation had peaked at 5.3 per cent in June 2011, impacted by a GST increase of 2.5 percentage points that came into effect in October 2010 .
Inflation has risen at the highest level in a decade. (Photo / Getty Images) ....

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Business Scoop » Kiwis Can Hold Diversified Growth Funds, From Multiple Managers, In A Single KiwiSaver Portfolio.


Press Release – InvestNow
Innovative online savings platform InvestNow has knocked back claims that the current single scheme KiwiSaver rule limits member choice. Mike Heath, InvestNow General Manager, said recent media comments alleging the current law restricting KiwiSaver …
Innovative online savings platform InvestNow has knocked back claims that the current ‘single scheme’ KiwiSaver rule limits member choice.
Mike Heath, InvestNow General Manager, said recent media comments alleging the current law restricting KiwiSaver members to one scheme is ‘incredibly bad practice’ misses an important development in the sector.
“At InvestNow we’ve solved what some media commentators are calling a flaw in the design of KiwiSaver that restricts diversification by preventing members from joining more than one scheme,” Heath said. “By applying our existing platform technology, Kiwis don’t have to have all their KiwiSaver eggs in one basket – with us th ....

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