News | Business
2 Jul 2025 15:08
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Omicron is expected to burn a hole in consumers' pockets

    Omicron is expected to burn a hole in consumers' pockets


    The highly contagious variant is expected to lead to supply chain disruptions, as people fall ill.

    ANZ chief economist Sharon Zollner says people will choose not to go out so much and prices are expected to go up.

    She says for the Reserve Bank it's yet another negative supply shock that's going to lift inflation pressures, despite being bad for growth.

    ANZ's predicting inflation of six percent next year but Sharon Zollner says it could go higher.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     02 Jul: Prices for top-end butter are through the roof, with little recourse for shoppers
     02 Jul: Woolworths is recalling potentially plastic-infused mince, sold in its North Island stores
     02 Jul: The Commerce Commission's issued a warning to Foodstuffs North Island, over an alleged breach of the Grocery Supply Code
     02 Jul: Air New Zealand is adding 127-thousand seats to Christchurch for the Special Olympics
     01 Jul: New World is launching a reusable container trial in September
     01 Jul: The economy's inching closer to recovery - but hurdles persist
     01 Jul: Businesses still see hope on the horizon, but recovery still remains slower than expected
     Top Stories

    RUGBY RUGBY
    The spectre of a second-string opponent is just something the All Blacks have to deal with More...


    BUSINESS BUSINESS
    Prices for top-end butter are through the roof, with little recourse for shoppers More...



     Today's News

    Business:
    Prices for top-end butter are through the roof, with little recourse for shoppers 14:57

    Entertainment:
    Taylor Swift has spent $13,000 on a giant friendship bracelet 14:36

    Soccer:
    The Wellington Phoenix have confirmed the departure of three men's players 14:07

    Entertainment:
    Kate Winslet has become an ambassador for The King's Foundation 14:06

    Accident and Emergency:
    A 34-year-old woman's died, after a two-vehicle crash last Thursday on State Highway Two in Tauranga 13:47

    Entertainment:
    Bob Geldof has praised his late ex-wife Paula Yates for being instrumental in Live Aid 13:36

    Business:
    Woolworths is recalling potentially plastic-infused mince, sold in its North Island stores 13:27

    Rugby League:
    The odds are shortening on Des Hasler being the first NRL head coach to be punted this season 13:07

    Entertainment:
    Sir Brian May doesn't believe that his Queen bandmate Freddie Mercury has a secret daughter 13:06

    Entertainment:
    Scarlett Johansson has revealed that her twin brother Hunter was her most enthusiastic supporter at the premiere of Jurassic World Rebirth 12:36


     News Search






    Power Search


    © 2025 New Zealand City Ltd