How is our economy performing against recession and 'greedflation' concerns?

Our economy has slipped into a technical recession, and Kiwis around the country are feeling the pinch of high inflation and rising mortgage rates. 

Ask anyone, and they’ll tell you that everything feels more expensive at the moment. It’s become easier than ever to question whether we’re even getting a fair deal anymore. 

After conducting a study of the supermarket industry, the Government has now announced that banks will also be reviewed. 

This comes amid a wider international discussion about greedflation. That’s the practice of businesses lifting prices faster than they need to, simply because they know shoppers expect to pay more right now. 

So how long will this recessionary and inflationary period last? And how are some companies getting away with using financial turmoil as an opportunity to increase their prices?  

NZ Herald Wellington business editor Jenée Tibshraeny is on The Front Page to talk about the state of the economy and PriceSpy’s Carl Lindholm talks greedflation. 

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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: Damien Venuto
Producer: Shaun D Wilson
Executive Producer: Ethan Sills

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