Latest figures show inflation hit 4.5 percent in the March year.
It is at its highest annual rate sine September 2008 – pushed up by petrol, food and cigarette prices.
But it is the long term that New Zealanders should be thinking about, according to Funds Management Limited, who say that if we want to survive retirement we need to protect ourselves against “real world inflation”.
Firstline talks to Chief Investment Officer Michael Lang about what the latest figures mean for you
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