19 Oct 2022

Inflation now embedded in economy - National Party

From Morning Report, 7:40 am on 19 October 2022

Inflation has now become embedded within the economy.

That's the view of the National Party after the latest inflation figures were announced yesterday - the annual rate was point-six of a percent higher than expected at 7.2 percent.

National says widespread labour shortages and elevated government spending has lit a fire under inflation, and says fixing immigration settings and imposing fiscal discipline could address the problem.

National Party leader Christopher Luxon spoke to Guyon Espiner.