Comparing inflation rates

1. US 7.5%
2. New Zealand 5.9%
3. Ireland 5.5%
4. UK 5.4%
5. Germany 4.9%
6. Canada 4.8%
7. Singapore 4.0%
8. Sweden 3.9%
9. Australia 3.5%
10. France 2.9%

The Government claims that our high inflation is solely due to international issues such as the global supply chain. And of course that is a partial factor. But as you can see above, we are much higher than many of the other countries we often compare ourselves to. The Australian rate is 2.4% lower, and that is because they didn’t go on a massive debt funded spending spree, such as NZ did.