26 June 2024
Conflict in the Red Sea has caused shipping costs to jump three times higher than the rates seen at end of last year.

But ASB Senior economist Mark Smith says the impact on inflation will depend on how long prices remain high.

He says the prices have spiked quickly, but it's still early days.

>> More Business News

Other Business News

28 Jun: Australia's channel Nine Entertainment has become the third Australian publisher to announce mass lay-offs in the past four weeks following the loss of a lucrative content deal with Meta and a slump in the advertising market

28 Jun: These financial housekeeping tasks can save you hundreds — and you can tick them off in a few hours

28 Jun: Research shows avocado demand around the world will continue to rise in the coming years

28 Jun: A bleak outlook for the economy

28 Jun: Kenya protests: Ruto pulling the finance bill is unlikely to satisfy angry young protesters – here’s why

28 Jun: Close to two tonnes of illegal drugs on their way to New Zealand, were stopped by overseas jurisdictions, in the first five months of this year

28 Jun: A positive sign for Kiwi orchards

Top Stories

RUGBY
England coach Steve Borthwick remains on high alert regarding the All Blacks ahead of their upcoming test series in New Zealand - despite the hosts' new-look coaching staff More...

BUSINESS
Australia's channel Nine Entertainment has become the third Australian publisher to announce mass lay-offs in the past four weeks following the loss of a lucrative content deal with Meta and a slump in the advertising market More...

Today's News

Rugby League:
A thrilling end to an NRL nail-biter in Sydney 7:17

International:
Israel's bombs flatten parts of South Lebanon village amid fears of wider war 7:07

Rugby:
England coach Steve Borthwick remains on high alert regarding the All Blacks ahead of their upcoming test series in New Zealand - despite the hosts' new-look coaching staff 7:07

Health & Safety:
Kiwis are being urged to put down the booze for the month, to raise money for cancer 6:27

Environment:
There's been an earthquake of 7.2 magnitude near the coast of central Peru, 18 kilometres deep 21:57

Business:
Australia's channel Nine Entertainment has become the third Australian publisher to announce mass lay-offs in the past four weeks following the loss of a lucrative content deal with Meta and a slump in the advertising market 21:17

Education:
Hong Kong officials say some students sing national anthem 'too softly' 21:07

Entertainment:
Jamie Foxx is "doing amazing", several months on from his health scare 19:30

Entertainment:
Blake Lively set a ping-pong table to the 'Deadpool and Wolverine' set 19:00

Netball:
The Northern Mystics are facing up to a tough run-in to the playoffs... if they even make it 18:57

News Search

Power Search