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Prices & Spending

Higher prices for existing phone and broadband ahead

Higher prices for existing phone and broadband ahead
New Zealanders will face higher prices for their existing phone and broadband services for almost a decade if a controversial new telecommunications law is passed, Labour's Communications and IT spokesperson Clare Curran said today.

Greens: Auckland sees smart green future, Govt sees more of same

The Green Party welcomed the Auckland Council's draft spatial plan discussion document released today as an exciting opportunity for Auckland to become a world class Eco-city.

UFB Receives Strong Interest from Service Providers

Ultra-Fast Broadband (UFB) over fibre is proving an attractive proposition in the market, with thirteen (13) telecommunications service providers indicating they want to sell the new UFB service to customers.

Greens: Closing Muri Station puts community at risk

Green Party candidate Jan Logie expressed shock at today's announcement to close Muri Station.

Chauvel: Renewable energy scheme good news for struggling families in Auckland

Renewable energy schemes involving the use of solar power will help to relieve the financial pressure many families are facing as the cost of living continues to rise, Labour's Environment Spokesperson Charles Chauvel said today.

Carter rules out intervention on milk prices

Carter rules out intervention on milk prices
Wellington, Feb 21 NZPA - Agriculture Minister David Carter has ruled out government intervention to keep milk prices down. He told NZPA the Government would not provide subsidies to New Zealand consumers, and high international prices would benefit the economy.

Foodstuffs pledges to drop milk price if suppliers do

Foodstuffs pledges to drop milk price if suppliers do
Wellington, Feb 20 NZPA - Foodstuffs has upped the ante in the milk price freeze, saying not only is it holding prices but that it will drop them if suppliers do.

Progressive Enterprises joins milk price freeze

Wellington, Feb 20 NZPA - Countdown, Woolworths and Foodtown supermarkets have pledged to freeze the price of milk for the rest of the year.

Milk price freeze a shock for dairy farmers

Wellington, Feb 19 NZPA - Fonterra's decision to freeze domestic milk prices until the end of the year has baffled some in the dairy industry, who say it is unnecessary and could "end in tears".

Fonterra freezes price of milk

Fonterra freezes price of milk
Wellington, Feb 18 NZPA - Fonterra today announced it would freeze the domestic price of milk for the rest of year, after criticism that it was becoming unaffordable for many families

Petrol prices rise

Petrol prices rise
Auckland, Feb 17 NZPA - Petrol prices are on the rise again hitting their highest level for more than two years. Overnight the price of a litre of 91 octane petrol rose 3c to $2.02 and 95 octane rose to $2.11.

Data shows shoppers cautious before Xmas

Data shows shoppers cautious before Xmas
Wellington, Feb 14 NZPA - Latest figures confirm retailers had a rough Christmas, but there are some hopes an improvement may be under way,

Food prices up 1.8 pct in January, milk at record

Food prices up 1.8 pct in January, milk at record
Wellington, Feb 11 NZPA - Food prices rose 1.8 percent in January, as fresh milk prices reached the highest level on record, 0.5 percent above the previous record in November.

Hopeful sign for retailers in January figures

Hopeful sign for retailers in January figures
Wellington, Feb 9 NZPA - Retail purchases made with electronic cards surged during January, but better days may still be some way off for retailers.

Labour gives Government failing grade

Wellington, Feb 8 NZPA - The National-led Government has failed New Zealanders with higher living costs, slashes in health and education services, and unfair tax cuts, Labour leader Phil Goff says.

NZ retail sales up seas/adj 1.5 pct in November

NZ retail sales up seas/adj 1.5 pct in November
Wellington, Jan 21 NZPA - Newly published retail statistics add to evidence of a difficult December quarter for retailers, although some signs of hope are seen for 2011.

English says inflation figures encouraging

English says inflation figures encouraging
Wellington, Jan 20 NZPA - Finance Minister Bill English today described the latest inflation figures as "encouraging", noting the GST increase had not prompted significant changes.

New Zealand consumer confidence lifts in January

New Zealand consumer confidence lifts in January
Wellington, Jan 20 NZPA - The first ANZ Roy Morgan Consumer Confidence survey of the new year has recorded a rise in consumer confidence, particularly in earthquake-hit Canterbury, but the survey's authors say households are still cautious.

GST increase drives 2.3 percent CPI rise

GST increase drives 2.3 percent CPI rise
Wellington, Jan 20 NZPA - Underlying inflation appears to be contained for now, with a 2.3 percent rise in the consumers price index for the December quarter largely due to the rise in GST on October 1. But rising commodity prices are raising warning flags.

Food prices down 0.8 pct in December

Food prices down 0.8 pct in December
Wellington, Jan 17 NZPA - Food prices fell 0.8 percent in December, but were up 4.2 percent from a year earlier, Statistics New Zealand (SNZ) says.

Electronic card data shows tough Christmas for shops

Electronic card data shows tough Christmas for shops
Wellington, Jan 13 NZPA - Weak figures for sales made using credit and debit cards in the run up to Christmas are being seen as an indication that retailers face more tough times, even if 2011 turns out to be better than last year.

Food price inflation good for NZ farmers - lobbyist

Food price inflation good for NZ farmers - lobbyist
Wellington, Jan 8 NZPA - Global food prices which are raising fears that poor countries could face a crisis similar to the one that led to rioting and rationing two years ago have been hailed as good news for New Zealand farmers.

Consumer confidence at 18-month low

Consumer confidence at 18-month low
Wellington, Dec 16 NZPA - Consumer confidence is at its lowest level in 18 months, suggesting Christmas spending will be modest, a new survey shows.

Petrol hits $2 mark

Petrol hits $2 mark
Wellington, Dec 15 NZPA - Petrol prices have hit the $2 a litre mark. Petrol prices rose 3 cents a litre yesterday, taking increases since September to 22 cents a litre.

Food prices fall 0.6 pct in November

Food prices fall 0.6 pct in November
Wellington, Dec 13 NZPA - Food prices fell 0.6 percent in November, led by drops in vegetable prices.

Electronic card transactions up seas/adj 1.1 pct in November

Electronic card transactions up seas/adj 1.1 pct in November
Wellington, Dec 9 NZPA - Rising prices are thought to be partly behind a seasonally adjusted 1.1 percent rise in electronic card transactions last month from October.

PM participates in on-line chat

PM participates in on-line chat
Wellington, Nov 30 NZPA - Prime Minister John Key gave honest, sometimes painfully so, answers in an online chat today. Answering questions from people on the stuff website today, he said his favourite television shows were the Biggest Loser, Desperate Housewives, and Grey's Anatomy.

Household spending up 6.1pct, income up 11.5pct in 3 years

Household spending up 6.1pct, income up 11.5pct in 3 years
Wellington, Nov 25 NZPA - Average weekly household spending rose by $58 or 6.1 percent to $1010 between 2006/07 and 2009/10, Statistics New Zealand (SNZ) says.

RBNZ survey shows inflation fears recede

RBNZ survey shows inflation fears recede
Wellington, Nov 23 NZPA - Inflation expectations have fallen and little movement in interest rates is forecast to be on the cards, but New Zealand's economic growth is also expected to be subdued, according to a survey of business managers for the Reserve Bank of New Zealand.

Consumer confidence little changed in November

Consumer confidence little changed in November
Wellington, Nov 18 NZPA - Consumer confidence was little changed in the November ANZ-Roy Morgan survey, which suggested caution in spending behaviour.

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