Cheaper petrol, accommodation through lockdown tames inflation

Paul McBeth
Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 percent in the three months ended June 30, slowing the annual pace of inflation to 1.5 percent from 2.5 percent in the March quarter, Stats NZ figures show. That was largely in line with what economists expected, with the slump in global oil prices and closed borders always going to be felt in fuel and hotel prices. “Today’s result does not al...
Economy
More evidence the post-lockdown bounce is fading
Rebecca Howard | Mon, 10 Aug 2020

The preliminary August reading of the ANZ Business Outlook adds to the view the post-lockdown rebound has run its course. A net 42.4 percent of businesses were downbeat about the economy's fortunes...

Law & Regulation
Turners couldn’t handle unorthodox approach of used car dealer, court told
Victoria Young | Mon, 10 Aug 2020

Turners Automotive Group couldn’t handle the unorthodox business approach of Brandon Orlandini, the used car dealer whose business it bought, the High Court heard today. Orlandini’s company, Turnov...

Coronavirus
First move towards border-opening as govt consults with Cook Islands
Pattrick Smellie | Mon, 10 Aug 2020

The New Zealand and Cook Islands governments will spend the next 10-to-14 days assessing whether the systems are in place to allow a travel 'bubble' to open between the two countries before the end of...

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.