Not only has the crude oil price been falling but the Kiwi dollar has risen against the US dollar this month. Photo / Getty ImagesNot only has the crude oil price been falling but the Kiwi dollar has risen against the US dollar this month. Not only has the crude oil price been falling but the Kiwi dollar has risen against the US dollar this month. I suspect the reason local economists haven’t been quick to make a big deal of the oil price slump is that it might not last. Regardless, if we do face more inflationary pressure, then clearly it is preferable to be starting from a lower base for oil prices.

Source: New Zealand Herald December 11, 2022 06:43 UTC