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22 Jul 2025 4:10
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      Home > News > Business

    The Finance Minister has councils and rates rises in the cross-hairs

    The Finance Minister has councils and rates rises in the cross-hairs

    21 July 2025
    Stats NZ figures out today show the Consumer Price Index rose 2.7 percent year-on-year to June.

    That's lower than economists' expectations, but still the highest annual rate in 12 months.

    Nicola Willis for many, a big part of the latest inflation increase was council rates.

    She says the Government is exploring rates caps, because councils have a number of tools for raising finance to fund development, which the Government has worked vigilantly to provide.

    © 2025 Newstalk ZB, NZCity


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