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"Statistics NZ says petrol prices were the largest contributor to the annual inflation rate, up 19.1%. Petrol had a 17.5% contribution to the 3.7% inflation rate for the September quarter."

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Firms accounted for about one-third of 2021-2022 inflation in advanced economies, BIS paper says

Bank for International Settlements paper sees significant contribution from businesses' price setting to inflation

21st Jan 25, 5:14pm

by Gareth Vaughan

Bank for International Settlements paper sees significant contribution from businesses' price setting to inflation

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One of the saddest lessons of history is this: If we've been bamboozled long enough, we tend to reject any evidence of the bamboozle. We're no longer interested in finding out the truth. The bamboozle has captured us. It's simply too painful to acknowledge, even to ourselves, that we've been taken. Once you give a charlatan power over you, you almost never get it back.

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