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Fossil Fuel Inflation Drives Up Cost Of Living, Luxon Rests Assured
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Scoop NZ - Parliament
Fossil Fuel Inflation Drives Up Cost Of Living, Luxon Rests AssuredExposure to volatile fossil fuels has driven inflation to its highest level in two years, piling more pressure on New Zealanders' cost of living, says the Green Party.
That is because our economy is wired up to fossil fuels," says Green Party Co-leader Chlöe Swarbrick.
The biggest driver is the fossil fuel price spike caused by Donald Trump’s war on Iran, and those higher fuel costs are now flowing into food, freight and power."
All Luxon had to offer as I probed this in Question Time was, 'I understand inflation, rest assured.'"
His Government has worked to increase our vulnerability to fossil fuels and is trying to burn more than a billion dollars on an LNG import facility."