The rising cost of living is down to more than global uncertainty, according to one expert.

Stats NZ data shows costs for the average household jumped 3.2 percent annually to June, a more than four-year-high.

Petrol was the biggest contributor - skyrocketing more than 27 percent.

Independent economist Cameron Bagrie says shocks like US tariffs and its war with Iran play a role, but core inflation is still higher than before Covid.

"But there's a little bit more of a sticky persistent inflation - it's the obvious drivers like rates, it's your insurance, it's your energy bills, which the Reserve Bank can't control."

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The rising cost of living is down to more than global uncertainty, according to one expert.
Stats NZ data shows costs for the average household jumped 3.2 percent annually to June, a more than four-year-high.
Petrol was the biggest contributor - skyrocketing more than 27 percent.
Independent economist Cameron Bagrie says shocks like US tariffs and its war with Iran play a role, but core inflation is still higher than before Covid.
"But there's a little bit more of a sticky persistent inflation - it's the obvious drivers like rates, it's your insurance, it's your energy bills, which the Reserve Bank can't control."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Cameron Bagrie: independent economist on what's really behind the increased cost of living

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/02be9408-7af9-4f74-8ef8-b4950063a3a8/transcript

The Government is introducing new regulations to help poultry farmers navigate bird flu, and industry experts are welcoming the changes.

Operators with more than 100 birds will be required to create a farm biosecurity plan - setting out how they will prevent and manage the disease. 

Poultry Association head Fiona MacMillan says it's helpful for everyone to be on the same page about the outbreak.

"I think having a standard that's applied consistently across industry can only be a good thing."

LISTEN ABOVE

The Government is introducing new regulations to help poultry farmers navigate bird flu, and industry experts are welcoming the changes.
Operators with more than 100 birds will be required to create a farm biosecurity plan - setting out how they will prevent and manage the disease.&nbsp;
Poultry Association head Fiona MacMillan says it's helpful for everyone to be on the same page about the outbreak.
"I think having a standard that's applied consistently across industry can only be a good thing."
LISTEN ABOVE

Fiona MacMillan: Poultry Association head on the Government implementing harsher rules to help farmers manage bird flu

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cd0d1a87-197c-49d7-ba7b-b49500783550/transcript

Employers with a good track records on seasonal workers could soon get useful stamps of approval.

The Government's planning changes to the RSE Scheme.

It includes an accreditation system and clarifying employers' rules on claiming for costs like transport.

Immigration Minister Erica Stanford says trusted businesses will be treated with a lighter regulatory touch.

"You provide good accommodation, we haven't had issues with your accommodation or your deductions or anything else, and you're consistently dealing with MSD to make sure that you're putting Kiwis first for jobs."

LISTEN ABOVE

Employers with a good track records on seasonal workers could soon get useful stamps of approval.
The Government's planning changes to the RSE Scheme.
It includes an accreditation system and clarifying employers' rules on claiming for costs like transport.
Immigration Minister Erica Stanford says trusted businesses will be treated with a lighter regulatory touch.
"You provide good accommodation, we haven't had issues with your accommodation or your deductions or anything else, and you're consistently dealing with MSD to make sure that you're putting Kiwis first for jobs."
LISTEN ABOVE

Erica Stanford: Immigration Minister on the Government's new changes to the RSE scheme

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b97aeb49-c405-43a2-b4b1-b495006ca9e4/transcript

A large painting by acclaimed New Zealand artist Bill Hammond is expected to sell for between $1.4 million and $1.8 million as part of a major private collection being auctioned at Webb’s.

The 1999 acrylic-on-canvas painting, Zoomorphic Lounge III, is part of a private collection of 100 Kiwi art pieces set to be auctioned off tonight.

Webb's art manager Megan Shaw says it's going to be an 'exciting night', and it's likely the painting will fetch a significant sum. 

"The estimate for the highest work ever sole with Webb's was for Melting Moments 1 back in 2023, and that achieved $1.6 million under the hammer - and that set a new record." 

LISTEN ABOVE

A large painting by acclaimed New Zealand artist Bill Hammond is expected to sell for between $1.4 million and $1.8 million as part of a major private collection being auctioned at Webb’s.
The 1999 acrylic-on-canvas painting, Zoomorphic Lounge III, is part of a private collection of 100 Kiwi art pieces set to be auctioned off tonight.
Webb's art manager Megan Shaw says it's going to be an 'exciting night', and it's likely the painting will fetch a significant sum.&nbsp;
"The estimate for the highest work ever sole with Webb's was for Melting Moments 1 back in 2023, and that achieved $1.6 million under the hammer - and that set a new record."&nbsp;
LISTEN ABOVE

Megan Shaw: Webb's art manager on Bill Hammond's art being auctioned at Webb’s

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6b1e648a-9087-4ffb-b15f-b49500672acd/transcript

Cameron Bagrie: independent economist on what's really behind the increased cost of living

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