The Finance Minister says New Zealand's inflation situation is very different to Australia's. 

Across the ditch, the rate's surged from 3.7% in February to 4.6% in March. 

Our headline rate was unchanged at 3.1% in the March quarter, but economists expect it to approach 4.5% for June. 

Nicola Willis told Mike Hosking Australia was experiencing higher inflation before the fuel crisis, in part due to government spending. 

She says she wants to be diplomatic, but the Australian Government is stimulating the economy more through its higher spending. 

LISTEN ABOVE  

The Finance Minister says New Zealand's inflation situation is very different to Australia's.&nbsp;
Across the ditch, the rate's surged from 3.7% in February to 4.6% in March.&nbsp;
Our headline rate was unchanged at 3.1% in the March quarter, but economists expect it to approach 4.5% for June.&nbsp;
Nicola Willis told Mike Hosking Australia was experiencing higher inflation before the fuel crisis, in part due to government spending.&nbsp;
She says she wants to be diplomatic, but the Australian Government is stimulating the economy more through its higher spending.&nbsp;
LISTEN ABOVE &nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Nicola Willis: Finance Minister on Australia's inflation rate and what's in line for New Zealand

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/63cc02f0-e4a1-4a65-8196-b43b0149e9a2/transcript

Our wine industry continues to find success on the global stage. 

Marlborough’s Spy Valley achieved a clean sweep at the London Wine Competition, claiming seven golds for the seven wines they entered. 

It’s one of the industry’s most influential events, and on top of their golds, they were also named New Zealand’s Winery of the Year. 

Owner and Managing Director Amanda Johnson told Mike Hosking they aim to make really good quality wine at different price points, so it was a delight for their hardworking team to be rewarded across all the skews.  

LISTEN ABOVE  

Our wine industry continues to find success on the global stage.&nbsp;
Marlborough’s Spy Valley achieved a clean sweep at the London Wine Competition, claiming seven golds for the seven wines they entered.&nbsp;
It’s one of the industry’s most influential events, and on top of their golds, they were also named New Zealand’s Winery of the Year.&nbsp;
Owner and Managing Director Amanda Johnson told Mike Hosking they aim to make really good quality wine at different price points, so it was a delight for their hardworking team to be rewarded across all the skews. &nbsp;
LISTEN ABOVE &nbsp;

Amanda Johnson: Spy Valley Wine Owner and Managing Director on their seven gold awards at the London Wine Competition

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ba179bb6-d290-4adb-8808-b43b01618bb8/transcript

On the Mike Hosking Breakfast Full Show Podcast for Thursday 30th of April, Dr Rober Breunig takes a look at Australia’s surging inflation whilst Finance Minister Nicola Willis compares their experience to ours.  

The Cancer Society has released their election manifesto, calling for more investment in skin cancer prevention. 

Kiwi singer Gin Wigmore is back to living in New Zealand – she's opened a deli and is releasing some new music. It's been over a decade since she was last in the Breakfast studio, so she stopped by for a chat – and to talk her dating life! 

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE  

On the Mike Hosking Breakfast Full Show Podcast for Thursday 30th of April, <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/dr-rober-breunig-australian-national-universitys-tax-and-transfer-policy-institute-director-on-rising-inflation/">Dr Rober Breunig</a> takes a look at Australia’s surging inflation whilst <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/nicola-willis-finance-minister-on-australias-inflation-rate-and-whats-in-line-for-new-zealand/">Finance Minister Nicola Willis</a> compares their experience to ours. &nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/nicola-coom-cancer-society-ceo-on-their-election-manifesto-urging-the-government-to-invest-more-in-preventing-skin-cancer/">The Cancer Society</a> has released their election manifesto, calling for more investment in skin cancer prevention.&nbsp;
Kiwi singer Gin Wigmore is back to living in New Zealand – she's opened a deli and is releasing some new music. It's been over a decade since she was last in the Breakfast studio, so she stopped by for a chat – and to talk her dating life!&nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE &nbsp;

Full Show Podcast: 30 April 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7570aa77-bd59-43a4-8ba6-b43b015c6a87/transcript

Australia’s cost of living has jumped yet again.  

Headline inflation jumped 1.1% in the March quarter, while the Consumer Price Index rose to 4.6% in the year to March, up from 3.7%.  

Surging oil prices have largely driven the jump, with petrol prices increasing by 32.8%, lifting transport costs by 9.2%. 

The Reserve Bank of Australia will be making an announcement regarding the Official Cash Rate on the 5th of May.  

Dr Rober Breunig, Director of the Tax and Transfer Policy Institute at the Australian National University, told Mike Hosking that while inflation has risen, they’re not seeing much impact in terms of economic growth and unemployment – the latter holding steady.  

He says the Reserve Bank will be concerned about inflation expectations getting out of control – if people expect high inflation to persist and start asking for wage increases, prices may be increased in anticipation, and it all snowballs.  

LISTEN ABOVE  

Australia’s cost of living has jumped yet again. &nbsp;
Headline inflation jumped 1.1% in the March quarter, while the Consumer Price Index rose to 4.6% in the year to March, up from 3.7%. &nbsp;
Surging oil prices have largely driven the jump, with petrol prices increasing by 32.8%, lifting transport costs by 9.2%.&nbsp;
The Reserve Bank of Australia will be making an announcement regarding the Official Cash Rate on the 5th of May. &nbsp;
Dr Rober Breunig, Director of the Tax and Transfer Policy Institute at the Australian National University, told Mike Hosking that while inflation has risen, they’re not seeing much impact in terms of economic growth and unemployment – the latter holding steady. &nbsp;
He says the Reserve Bank will be concerned about inflation expectations getting out of control – if people expect high inflation to persist and start asking for wage increases, prices may be increased in anticipation, and it all snowballs. &nbsp;
LISTEN ABOVE &nbsp;

Dr Rober Breunig: Australian National University's Tax and Transfer Policy Institute Director on rising inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2accb495-faa5-4340-ad38-b43b015b2206/transcript

Nicola Willis: Finance Minister on Australia's inflation rate and what's in line for New Zealand

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