Kōrero: Prices and inflation

Cartoon on the high Kiwi dollar

Cartoon on the high Kiwi dollar

From 1993 until 2008 the value of the New Zealand dollar rose against other currencies. By 2007 it was buying 75 US cents (as compared with under 50 cents in the previous decade). This meant that imports were cheaper and foreign travel was more affordable for New Zealanders. But it also became more difficult for exporters since the price of New Zealand goods became more expensive to people overseas – leading this ex-exporter to become a porter.

Te whakamahi i tēnei tūemi

Garrick Tremain
Cartoon by Garrick Tremain

This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.

Ngā whakaahua me ngā rauemi katoa o tēnei kōrero

Te tuhi tohutoro mō tēnei whārangi:

Adolf Stroombergen, 'Prices and inflation - Terms of trade and the exchange rate', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/cartoon/23105/cartoon-on-the-high-kiwi-dollar (accessed 16 April 2024)

He kōrero nā Adolf Stroombergen, i tāngia i te 11 Mar 2010