Explainer: What in the world is inflation and why do we care?
It’s been a tough week for homeowners and anyone with a wallet as the Reserve Bank raised the official cash rate and announced a recession was looming.
And it is all thanks to inflation, which reached a 32-year high of 7.3% in July and currently sits at 7.2%.
We asked an economist all the things you might be too afraid to ask about inflation and why it is affecting us so much.
Source: Stuff.co.nz
