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Prices & Spending

Discretionary spending increases

Discretionary spending increases
Figures released today by Paymark, which processes around 75% of all electronic transactions in New Zealand, show that Kiwis spent a total of just over $4.6 billion in December via Paymark's network, pushing the annual growth rate up slightly to 3.4 per cent.

Electronic card spending up again in October

Electronic card spending up again in October
New Zealanders and visitors to the country together spent more on their credit and debit cards again in October, Statistics NZ said today. The seasonally adjusted value of electronic card transactions rose 1.8 percent in October, the largest increase since January 2011.

Oily Rag by numbers

By Frank and Muriel Newman

Tomatoes and green vegetables lift food prices

Tomatoes and green vegetables lift food prices
Food prices rose 2.0 percent in July 2011 and were up 7.9 percent on a year earlier, Statistics New Zealand said today. Vegetable prices rose 14.2 percent and accounted for more than half of the rise in July, mainly due to tomatoes and green vegetables.

Core retail card spending up

Core retail card spending up
The seasonally adjusted value of electronic card transactions in core retail (which excludes the motor vehicle related-industries) increased 0.5 percent in July 2011, Statistics New Zealand said today. Despite this increase, the value of total transactions was flat (up just 0.2 percent).

Soaring prices hitting Kiwi pockets

Soaring prices hitting Kiwi pockets
Soaring cost of living figures prove what a struggle it is for hard-working Kiwis to make ends meet, and dramatically expose the impact of National's broken promise on GST, says Labour Leader Phil Goff.

Gull Holds Petrol Prices

Gull Holds Petrol Prices
Gull has assured motorists that unlike other companies, it will hold its petrol prices for as long as possible. Despite the New Zealand dollar soaring to record levels, prices for regular petrol at some of Gull’s competitors have reached $2.089 per litre.

Rising food prices pinch hard

Rising food prices pinch hard
Rising food prices are continuing to hurt individuals and families, and Government policies are making the problem worse, the Green Party said today.

Cunliffe: Huge Increase In Vege And Fruit Prices Hurt Kiwis

Cunliffe: Huge Increase In Vege And Fruit Prices Hurt Kiwis
A huge increase in the price of fruit and vegetables, up 12.8 per cent in the year to May, won’t surprise struggling Kiwi families, and reinforces the need for Labour’s policy of removing all GST from fresh fruit and vegetables, says Labour’s Finance spokesperson David Cunliffe.

Electronic Card Spending Flat In May

Electronic Card Spending Flat In May
The seasonally adjusted value of total electronic card transactions was flat (down just 0.1 percent) in May 2011 compared with April 2011, Statistics New Zealand said today. The value of transactions rose in five industry groups, but fell in three.

Court fee rises should be inflation linked - law society

Court fee rises should be inflation linked - law society
Today's announcement of increases in the fees for civil courts and tribunals appears to signal a change from a principles-based approach in setting court fees to one of pure cost recovery, the New Zealand Law Society said today.

Moroney: Children will suffer yet again

The Government's admission that it will carve an extra $63m out of the education budget to fund employer contributions to retirement schemes will put children's education at risk, says Labour's Education spokesperson, Sue Moroney.

Civil Court and Tribunal fees to be adjusted

Civil court and tribunal fees will be adjusted for inflation from 1 July 2011. Fee increases will be a maximum of 18.2% reflecting the rate of inflation since most fees were last adjusted. Some fees have been adjusted since 2004 and they will see a smaller increase.

Very tight budget for Council approved.

Gisborne District Council approved a prudent budget when the 2011/2012 Annual Plan was adopted at its meeting today. "It is going to be very tight for managers to work with," says chief executive Lindsay McKenzie.

Government hoodwinking parents over early childhood funding

The education sector union NZEI Te Riu Roa is warning parents may face more fee increases with many early childhood services effectively taking another hit from this year's Budget.

Global recovery firmly underway but surrounded by risks, says OECD Economic Outlook

Global recovery firmly underway but surrounded by risks, says OECD Economic Outlook
The global recovery is firmly under way, but is taking place at different speeds across countries and regions, according to the OECD's latest Economic Outlook.

"You Don't Know How Lucky You Are!"

Anyone visiting your province can see that this is an export powerhouse. Dairy farms and cows. Thousands of cows. Cows as far as the eye can see. Taranaki is one of the great farming provinces of New Zealand.

Kedgley: Beehive must wake up to honey bee crisis

Kedgley: Beehive must wake up to honey bee crisis
Unless we take decisive action to protect our bees, we could be faced with massive bee deaths, a horticultural industry in crisis, food shortages and escalating food prices.

BP drops petrol prices again

BP drops petrol prices again
BP has dropped the price of petrol and diesel today by 3 cents per litre. This is the second decrease in the last three days, and is the fourth price drop in three weeks at BP-owned stores.

Critical links between breakfast-in-schools and student achievement

The loss of a crucial breakfast-in-schools programme raises serious questions about the government's priorities for education and social spending, says the education sector union NZEI Te Riu Roa.

King: Lifeline cut to vulnerable children

King: Lifeline cut to vulnerable children
The decision by Countdown to cancel its support for the Red Cross Breakfast in Schools programme is devastating news for vulnerable children whose parents are struggling to put food on the table, says Labour's Social Policy spokesperson Annette King.

Petrol Prices Fall Again At BP

Petrol Prices Fall Again At BP
BP has dropped the price of petrol and diesel today by 4 cents per litre. This is the third price drop in three weeks at BP-owned stores. Petrol prices at most BP-owned service stations are: 91 Unleaded $ 208.9 cents per litre

Boscawen: Phil Goff Confused About ETS

Labour Leader Phil Goff's statement that the Emissions Trading Scheme forces people to subsidise polluters shows that Labour, like the Greens, is confused about the real effects of the scheme and that they are clearly not ready to govern, ACT New Zealand Parliamentary Leader Hon John Boscawen sai

Budget 2011: Budget needed to help close the gap

The community sector is deeply concerned that today's budget announcements have failed to address the widening inequality gap in New Zealand, which will have long term fiscal and social impacts.

Budget 2011: Universities' reaction to Budget 2011

Budget 2011: Universities' reaction to Budget 2011
Universities New Zealand - Te Pōkai Tara is pleased that the government has recognised the important contribution higher education makes to New Zealand's future growth.

Progressive: Petrol price margins at record high

Progressive: Petrol price margins at record high
Petrol companies are making record margins on fuel prices, a government survey of petrol price margins shows, and Progressive Wigram MP Jim Anderton says the fuel companies are too slow to reduce prices.

Struggling Kiwis know how tough it is - Labour

Struggling Kiwis know how tough it is - Labour
Struggling Kiwis already know how tough it is Kiwis struggling to pay the bills each week won't be surprised to learn that food prices have increased 6.1 per cent in the year to April 2011, says Labour's Finance spokesperson David Cunliffe.

Price for used cars on the rise as supply comes under pressure

Price for used cars on the rise as supply comes under pressure
Prices for used cars are on the rise, according to quarterly figures released today by Turners Auctions. Sales figures from the country's largest vehicle auction house reveal average sale prices have risen for vehicles of all engine sizes.

Electronic card spending increases in April

Electronic card spending increases in April
The seasonally adjusted value of total electronic card spending increased 1.7 percent in April 2011, Statistics New Zealand said today. This increase was due to the value of transactions rising in all industry groups except services, which was flat.

Shocking electricity prices on 26-27 March tip of the iceberg

Shocking electricity prices on 26-27 March tip of the iceberg
Labour's Energy spokesperson David Parker says the National Government continues to to stand by and allow New Zealanders to be overcharged for their electricity.

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