Money Mail 169 - Your purchasing power decreased 15% in 3 years

Now that a number of you hate me after suggesting last week's income exercise, I thought I would keep that theme going. Did you know that your purchasing power decreased 15% in 3 years? This is why you really do need to understand inflation! At 11.59pm on March 25, 2020 , New Zealand shut down. Remember that? Regardless of what you believe to have caused inflation, know that it has been compounding at a rate of 5.5% for the last 3 years.

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