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Chris Luxon: Labour Govt To Blame For Inflation

Author
Newstalk ZB,
Publish Date
Mon, 18 Dec 2023, 9:36am
Photo / File
Photo / File

Chris Luxon: Labour Govt To Blame For Inflation

Author
Newstalk ZB,
Publish Date
Mon, 18 Dec 2023, 9:36am

The Prime Minister says getting price stability under control, will help grow our GDP.

It fell 0.3 percent in the three months to September, in a worse result than economists had predicted.

Chris Luxon says the previous government pumped money into the domestic economy.

He told Tim Dower in-turn, that's driven domestic inflation, which impacts everyone, as well as the economy.

Luxon says we have to get inflation back under three percent because when we have price stability, people can plan, invest, and they know their mortgages are coming down.

 

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