{"id":318529,"date":"2026-03-08T02:25:19","date_gmt":"2026-03-08T02:25:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/318529\/"},"modified":"2026-03-08T02:25:19","modified_gmt":"2026-03-08T02:25:19","slug":"luxon-clings-on-as-inflation-shock-looms","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/318529\/","title":{"rendered":"Luxon clings on as inflation shock looms"},"content":{"rendered":"<p><a target=\"_blank\" href=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!D1JC!,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb8bc2436-a7cd-41cf-ad1d-73bf5f3ed267_2048x1365.heic\" data-component-name=\"Image2ToDOM\" rel=\"nofollow noopener\" class=\"image-link image2 is-viewable-img can-restack\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/03\/https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/b8bc2436-a7cd-41cf-ad1d-73bf5f3ed267_2048.jpeg\" width=\"1456\" height=\"970\" data-attrs=\"{&quot;src&quot;:&quot;https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/b8bc2436-a7cd-41cf-ad1d-73bf5f3ed267_2048x1365.heic&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:970,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:358796,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image\/heic&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https:\/\/thekaka.substack.com\/i\/190117086?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb8bc2436-a7cd-41cf-ad1d-73bf5f3ed267_2048x1365.heic&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}\" alt=\"\"   fetchpriority=\"high\" class=\"sizing-normal\"\/><\/a>Luxon wants National to stick with him, saying he won\u2019t resign despite dire polling. File Photo: Lynn Grieveson \/ The K\u0101k\u0101<\/p>\n<p>Briefly in the news in Aotearoa\u2019s political economy around housing, climate and poverty on Saturday, March 7:<\/p>\n<p>PM Christopher Luxon refused to resign yesterday after a Taxpayers Union-Curia <a href=\"https:\/\/www.taxpayers.org.nz\/tucur_mar2026poll\" rel=\"nofollow noopener\" target=\"_blank\">poll<\/a> showed National headed for its worst result since the 2020 election.<\/p>\n<p>Oil rose over $90\/bbl overnight after Qatar and Kuwait said restarting exports could take months, while US jobs fell an unexpected 92,000 last month.<\/p>\n<p>US President Donald Trump this morning demanded an \u2018unconditional surrender\u2019 from Iran.<\/p>\n<p>Petrol prices rose over $3\/litre in some parts of New Zealand yesterday, while truckers warned of freight cost hikes after diesel prices rose by 44c\/litre yesterday, the largest increase since 2008. <\/p>\n<p>Christchurch Hospital has started rationing dialysis to two sessions per week from three because of a Government-imposed sinking lid on spending to ensure Crown spending to GDP gets down below 30%, 1News reported last night.<\/p>\n<p>Pak n\u2019 Save, which is New Zealand\u2019s largest retailer of butter and exists within a country producing enough dairy products to feed 40 million people, has started importing US butter to get better prices. Paying subscribers can see more below the paywall fold &amp; hear more in the podcast above.<\/p>\n","protected":false},"excerpt":{"rendered":"Luxon wants National to stick with him, saying he won\u2019t resign despite dire polling. File Photo: Lynn Grieveson&hellip;\n","protected":false},"author":2,"featured_media":318530,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-318529","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/318529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=318529"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/318529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/318530"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=318529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=318529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=318529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}