The Coalition Government is responsible for bringing down inflation and adversely Labour was responsible for inflation reaching over 7%.

False
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New Zealand's general inflation rate (CPI) is a Stats NZ-weighted measure of price fluctuations, driven by factors including international cost pressures and supply-chain constraints. The Covid-19 pandemic's global supply-chain disruption drove inflationary spikes in every country, a market correction neither Labour nor National controlled.

Government spending while borrowing was identified by Stats NZ as a factor in inflation increases in late 2025. While mid-2026 inflation was driven primarily by oil costs linked to the US-Iran war. 

Polling backs this up: an August 2026 Newsroom/Horizon Research poll found only 17% of respondents blamed the previous Labour government for current inflation, against 31% who blamed international events and 29% who blamed the current coalition.