New data from yesterday has confirmed that the CPI rose by 7.2 percent, which has unfortunate implications for the economy and job market. Despite this, Finance Minister Grant Robertson has ruled out additional support or inflation relief. The Government is more committed to reaching their spending targets, according to Grant Robertson, and there are no plans in place to relieve fuel taxes, introduce more Cost of Living payments, or change income tax rates. NZ Herald Wellington business editor Jenee Tibshraeny explained what that meant for the nation going forward. LISTEN ABOVE

Source: New Zealand Herald October 19, 2022 12:47 UTC