The global ‘Great Inflation' of the 1970s and 80s was the last time New Zealand experienced a cost-of-living crisis. Kate Newton reports on what it took to curb inflation then – and why not all economists believe the same solutions can help us now. This story was first published on Stuff. 'What the f… is inflation?' asks one TikTok user in a recent video. He's a millennial: bearded, bandana'd, and using a pair of chopsticks to eat Doritos from the bag. 'We keep hearing about it, but what actually is it?' It's definitely not as fun as a viral song about corn but, in the last few months, inflation has crept its way into social media ephemera all the same.

https://thespinoff.co.nz/business/08-09-2022/whats-going-to-stop-the-rocketing-cost-of-living

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