Don't get your fingers burned in a recession

Inflation is eating away people's purchasing power as recession fears loom large. (Image: Getty)

Tue, 19 Jul 2022

The possibility of recession is looming ever larger. There are two tactics for your money in this situation: the defensive and the aggressive. But first, the lay of the land. The latest inflation figures were worse than expected, hitting 7.3% for the June quarter, the steepest jump in 32 years. Rent, petrol, and construction costs were key factors driving it up, but another problem noted in the figures is just how wide-ranging the price jumps are.In fact, 66% of all items that Statistics NZ keeps tabs on went up in price in...

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