Inflation Hits Two-Year High Under LuxonInflation has hit its highest level in more than two years, confirming what Kiwi families already know - the cost of living keeps getting worse under National. “Christopher Luxon promised to fix the cost of living, but he has made it worse. Inflation is now at 4.1%, the highest it’s been in two years, and New Zealanders are paying the price," Labour finance and economy spokesperson Barbara Edmonds said. Now they're in Government, they're asking New Zealanders to accept exactly the same pressures they once condemned. Instead, families are getting higher prices, weaker growth, and cuts to the services they rely on.