ACT warns inflation threat remains ahead of election lolly scramble

"Today’s 3.1% inflation figure is a reminder that the inflation monster can rear its head again if we don't restrain low-value government spending," says ACT Leader David Seymour.

"I met with Argentinian President Javier Milei over the summer, who was elected into an inflation crisis. He took assertive action to reduce the size and cost of government, and as a result has brought inflation in his country to a seven-year low.

"In New Zealand, we've made decent progress considering inflation peaked above 7.1% following COVID spending blowouts. But we need to go further.

"When other parties roll out their election lolly scrambles, they threaten to throw fuel on the embers of inflation.

"ACT's approach is different. We are the only party that always advocates for a smaller, more efficient government to save taxpayers' money. We calculate that every voter who gave their party vote to ACT has saved the taxpayer $57,000. That’s because ACT ministers and policies have saved around $14 billion since we’ve been in an office.

"We'll remain honest about the inflation threat and focused on making life affordable for New Zealanders."