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High growth, high prices: Economy bounces back, but inflation bites hard
Saturday 16 December 2023 | Written by Rashneel Kumar | Published in Economy, National, Parliament
Cargo vessel Imua at the Avatiu wharf this week. Government economists say inflation has been influenced by global factors, including supply constraints that pushed fuel costs higher due to the conflict in Ukraine, leading to increases in food and shipping costs. LOSIRENE LACANIVALU/23121507
Cook Islands’ resurgent economic growth post-Covid-19 has been overshadowed by an unprecedented surge in inflation, with prices rising by 13 per cent over the past year. Rashneel Kumar and Losirene Lacanivalu reports.
Cook Islands’ resurgent economic growth post-Covid-19 has been overshadowed by an unprecedented surge in inflation, with prices rising by 13 per cent over the past year. Rashneel Kumar and Losirene Lacanivalu reports.
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