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Inflation up 2.7% in June year, better than expected
Inflation up 2.7% in June year, better than expected

NZ Herald

time3 days ago

  • Business
  • NZ Herald

Inflation up 2.7% in June year, better than expected

NZ Herald Business Editor at Large Liam Dann speaks to Ryan Bridge on Herald NOW, ahead of the second quarter inflation figures being released. What is predicted? Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech. Access to Herald Premium articles require a Premium subscription. Subscribe now to listen. Inflation up 2.7% in June year, better than expected The consumers price index (CPI) increased 2.7% in the 12 months to the June 2025 quarter, according to figures released by Stats NZ today. The 2.7% increase follows a 2.5% annual increase in the 12 months to the March 2025 quarter. 'Although the annual inflation rate increased from the March 2025 quarter, it remains within the Reserve Bank of New Zealand's target band of 1 to 3% – the fourth consecutive quarter it has done so,' prices and deflators spokesperson Nicola Growden said. Economists had forecast a rise of 2.8 or 2.9%. Lower petrol prices helped mitigate rises in other areas such as food.

Police seek identity of mystery man over St Mary's Church, Avondale blaze
Police seek identity of mystery man over St Mary's Church, Avondale blaze

NZ Herald

time6 days ago

  • NZ Herald

Police seek identity of mystery man over St Mary's Church, Avondale blaze

Firefighters have contained a blaze at St Mary's Catholic Church on Great North Road in Avondale. Video / NZ Herald Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech. Access to Herald Premium articles require a Premium subscription. Subscribe now to listen. 18 Jul, 2025 01:07 AM 2 mins to read Police seek identity of mystery man over St Mary's Church, Avondale blaze Police have released images of a man they want to speak after a suspicious fire left a West Auckland church 'severely damaged'. Emergency services responded to St Mary's Church on Great North Rd in Avondale shortly after 4am on Monday. Catholic priest Father Andrew Matthew told the Herald he woke to popping sounds of exploding windows. 'When I looked out the window all I could see was a sea of red flames. It's a real shock,' he said.

Perpetual Guardian CEO Patrick Gamble on his financial journey and how to avoid blowing a big Lotto win
Perpetual Guardian CEO Patrick Gamble on his financial journey and how to avoid blowing a big Lotto win

NZ Herald

time7 days ago

  • Business
  • NZ Herald

Perpetual Guardian CEO Patrick Gamble on his financial journey and how to avoid blowing a big Lotto win

'I think it's great,' he says. 'I think it gives people something to dream about and something to focus on.' But he warns that winning a lump sum isn't always a guarantee of long-term wealth. 'Any first division Lotto win is a life-changing amount of money,' he says. 'I would say that it's not the amount of money that people think it is. If you win the first division, your life is undoubtedly much more secure and things are better. But you're not buying Ferraris. You're not going out in private jets.' The lifestyle that people sometimes imagine accompanies a Lotto win can often be well short of the reality, he says. Perpetual Guardian manages wealth and provides advice for a number of Lotto winners, who always remain anonymous. 'They're people who haven't ever had to handle that amount of money before,' Gamble says. 'One of the things that we sometimes have to do with our clients, who have a lot of money – but not quite enough to be living the lifestyle that they want to – is gently encourage a little bit more frugality.' It is a similar story for sports stars, he says. 'They're looking for somebody who is going to be really boring and disciplined and say, 'you earned $500,000 of free cash flow on this big pot. You can spend that. But you can't spend two of it'.' 'Generally speaking, the people who come and see us, 20 years, 30 years later, they still have lots of money. In fact, they have a lot more money than they started with.' Perpetual Guardian's primary role is to look after people's interests when they're no longer able to look after themselves, Gamble says. 'That's our fundamental job as a fiduciary and as a trustee. So if they've passed away and they left things behind them in any sort of difficulty, we can step in.' 'But we also help people grow their money throughout their life. We invest for people. We run a lot of funds. We run financial investments for people outside of our fund group as well.' On the podcast, Gamble also reflects on his role as honorary consul for Ukraine in New Zealand. His wife is from the east of Ukraine and has been in New Zealand for 17 years, but his brother-in-law has been drafted and is fighting. 'When the war started, it was very personal for us,' he says. Gamble says he was on the periphery of work his wife was doing, but when the ambassador, based in Canberra, wanted to appoint an honorary consul he stepped up. 'They wanted a New Zealander because their main focus is trying to create links between their Government and the New Zealand Government, their businesses and New Zealand businesses.' The goal is to try to maintain media coverage, political coverage and keep the war in the public consciousness, he says. Listen to the full episode to hear more from Patrick Gamble about managing money, and what he has learned from his own financial journey. Money Talks is a podcast run by the NZ Herald. It isn't about personal finance and isn't about economics - it's just well-known New Zealanders talking about money and sharing some stories about the impact it's had on their lives and how it has shaped them. The series is hosted by Liam Dann, business editor-at-large for the Herald. He is a senior writer and columnist, and also presents and produces videos and podcasts. He joined the Herald in 2003. Money Talks is available on iHeartRadio, Spotify, Apple Podcasts, or wherever you get your podcasts.

Inside Auckland's shocking RSA murders – A Moment in Crime podcast revisits triple murder
Inside Auckland's shocking RSA murders – A Moment in Crime podcast revisits triple murder

NZ Herald

time7 days ago

  • NZ Herald

Inside Auckland's shocking RSA murders – A Moment in Crime podcast revisits triple murder

Bell left the mother of one for dead with broken arms and severe head injuries that caused a stroke. The scene of the deadly attack in Auckland. Photo / NZ Herald She lost about 80% of her blood and ambulance officers later said she came as close to dying as she could get. Bell was on parole at the time of the murders and already had 102 convictions. In this month's episode of Herald podcast A Moment In Crime, senior journalist Anna Leask revisits the triple murder, explaining what led to Bell's violent and callous offending and how the tragedy would never have happened if authorities had not missed a crucial opportunity to recall him to prison. Leask also tells the stories of the victims and survivor – why they were at the RSA that day and what they meant to their family and friends. Security footage of triple-murderer William Bell taken soon after he left the RSA. Photo / Supplied A Moment in Crime is available on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. New episodes are released monthly. The series is written and hosted by senior crime and justice reporter Anna Leask. Leask has been with NZME since 2005 and has worked as a specialist journalist focusing on family and gender-based violence, child abuse, sexual violence, homicides, mental health and youth crime. If you have a crime or case you would like to hear more about, email Since 2019, A Moment in Crime has produced over 60 episodes, and has been downloaded over 2 million times, with listeners in over 180 countries. Past cases covered include the Bain Family murders, Lauren Dickason, James Wallace, the Heavenly Creatures case, and Grace Millane. It was nominated for Best True Crime Podcast at the 2024 Radio and Podcast Awards.

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