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Press Release – New Zealand National Party With the latest labour market statistics confirming wages have only increased 2.1 per cent compared to 3.3 per cent annual inflation, New Zealanders pay packets are being eaten up by the rising cost of living, says Nationals Shadow Treasurer … With the latest labour market statistics confirming wages have only increased 2.1 per cent compared to 3.3 per cent annual inflation, New Zealanders’ pay packets are being eaten up by the rising cost of living, says National’s Shadow Treasurer Andrew Bayly. “The improving employment figures are welcome news, but Kiwis are getting poorer. “Wage growth of 2.1 per cent means the cost of living is going up faster than increases in wages, so real

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