Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


CPI result encouraging - Cullen

18 April 2001 Media Statement

CPI result encouraging - Cullen

"The March CPI result was below market expectations and is consistent with inflation returning back to within the 0 to 3 percent target range later this year," Finance Minister Michael Cullen said today.

The CPI fell 0.2 percent over the quarter, taking the annual rate to 3.1 percent.

"Much of the credit for containing the inflationary pressures in the economy should go to the ordinary New Zealander," Dr Cullen said.

"Clearly businesses are absorbing some of the price pressures created by the low dollar, and workers are being responsible in their approach to wage negotiations.

"But Government policies also had an important impact.

"The biggest single contribution to the drop in the CPI came from the restoration of income related rents for low income state housing tenants. Statistics New Zealand calculates this led to a 9.7 percent fall across all dwelling rentals.

"Also, the usual upward pressure on the index at this time of year from tertiary fees failed to materialise due to the Government's fee stabilisation policy," Dr Cullen said.

The other big contributors to the drop were: lower petrol prices and international air fares.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: on the inquiry into the abuse of children in care

Apparently, PM Jacinda Ardern has chosen to exclude faith-based institutions from the government’s promised inquiry into the abuse of children in state care.

Any role for religious institutions – eg the Catholic Church – would be only to observe and to learn from any revelations that arise from the inquiry’s self-limiting focus on state-run institutions… More


Gordon Campbell: On Jim Anderton
For anyone born after 1975, it is hard to grasp just how important a figure Jim Anderton was, for an entire generation.
During the mid to late 1980s, Anderton was the only significant public figure of resistance to the Labour government’s headlong embrace of Thatcherism...More>>


Gong Time: New Year's Honours List

Jacinda Ardern today congratulated the 179 New Zealanders named on the 2018 New Year’s Honours List.

“Although this list was compiled and completed by the last government, it is a pleasure to welcome in the New Year by recognising exceptional New Zealanders,” Jacinda Ardern said.

“As an Aunty, I love reading books to my nieces, so it’s lovely to congratulate Joy Cowley, who is made a member of the Order of New Zealand today....More
Full list

Roads: National launches bid to save highway projects

The National Party has launched a series of petitions aimed at saving regional highway projects at risk because of the Government’s obsession with Auckland trams…More>>


Medical Cannabis: Bill Introduced to “ease suffering”

Health Minister Dr David Clark says making medicinal cannabis more readily available will help relieve the suffering of people who are dying in pain More>>


Campbell: On The Quest For Zero Net Carbon Emissions
Some would querulously ask, zero net carbon emissions by 2050 – while others would say, why not?


CPAG Report: The Further Fraying Of The Welfare Safety Net

New Zealand’s welfare system has undergone a major transformation during the past three decades. This process has seriously thwarted the original intent of the system, which was to provide a decent standard of living for all New Zealanders in times of need... More>>





Featured InfoPages