Inflation forecast to soar

Cook Islands is feeling the Covid-19 crunch as inflation is forecast to hit 4 per cent in the 2023/24 year. It follows reports New Zealand’s annual inflation has hit a 30-year high of 5.9 per cent while the impacts are being felt across the Pacific and the rest of the world.

Cook Islands is feeling the Covid-19 crunch as inflation is forecast to hit 4 per cent in the 2023/24 year. It follows reports New Zealand’s annual inflation has hit a 30-year high of 5.9 per cent while the impacts are being felt across the Pacific and the rest of the world.