Inflation could hit 3.7% under Treasury’s ‘worst-case’ inflation scenario. 

It’s while petrol prices have risen about 45 to 50 cents a litre, adding about $23 to the price of filling an average car.  

Finance Minister Nicola Willis has outlined the government's priorities - First a focus on supply chains, then potential and anticipated freight disruptions, and lastly our economic response.   

Ministers are meeting daily, written situation updates twice-daily, they’re working closely with importers – we're being told not to panic. 

But, after criticising the last government to no end about its economic decisions during the pandemic - what tools does this government have to ease cost-of living pressures? 

Today on The Front Page, NZ Herald business editor at large Liam Dann is with us to talk through what we could do next. 

Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.

You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Chelsea Daniels
Editor/Producer: Richard Martin
Producer: Jane Yee