New analysis from Infometrics, first released to Infometrics clients last week, shows that returning the GST charged on local council rates back to councils would cost the government $1.1b. This amount of money would then be available for local councils to help fund the services and investments bein... Read

In this article Principal Consultant, Rob Heyes, looks how households have fared with recent cost-of-living pressures. For many households, income growth has kept pace with cost increases. But there’s evidence that increasing numbers of households have been facing economic hardship since the start of the pandemic and are likely to continue to do so for the rest of this year at least. Read

New Zealanders are out exploring the world again, in large numbers. Those travels are easy to see, with scores of young Kiwis documenting their overseas trips across social media. Principal Economist, Brad Olsen, asks the question – how many Kiwis are travelling, and where’s the most popular spot? Read

Principal Economist, Brad Olsen, examines rising local government costs. With expectations that rates rises in 2024 will be the largest since local council reforms in 1989... Read

The government’s plans to fully deliver its promised tax cuts at next month’s budget must be in doubt, as the economy falters and the fiscal position continues to get squeezed. Compared to the government’s 2023 Budget, the deficit is tracking to be $1.8b larger than forecast. Read

Economic pressures are getting real for people this year, as higher mortgage rates continue to suck more money out of household budgets, and a swathe of recent job losses undermine income security. Infometrics’ latest economic forecasts show annual GDP and private consumption spending growth briefly... Read

The unprecedented migration surge since mid-2022 has seen a net 110,000 working-age people added to the population during the last 12 months. This outcome is a flow-on effect from the labour market disruption caused by the borders being shut during COVID-19. Businesses have needed to... Read

The annual increase in the average cost of goods that suppliers charge supermarkets has slowed further, with the Infometrics-Foodstuffs New Zealand Read

Renters across New Zealand are feeling the squeeze as annual new rentals inflation reaches 5.1%pa. Excluding the mid-2022 peak, annual average rental inflation over the year to February 2024 is at its fastest rate since this series began in 2008. Read

We economists can be a tactless bunch. Last week’s announcement that the economy had contracted for the fourth time in five quarters was greeted with comments about how the recession was necessary, and that the extent of the contraction only highlighted to serve how overheated... Read