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President John welcomed members and guests to our Christmas function and provided "food for thought" with his speech at the end of the evening - "2023 will go down as the year of the 'Cost of Living Crisis'. But we need to remember the grass is not greener on the other side. Many many countries around the world are experiencing the same situation. The UK inflation rate is currently 4.6% (down from 11% in January) Aussie is 5.4% (down from 8%) The US is currently 3.2% (down from 7%) And NZ is 5.6% at the moment. (Down from a 7.8% high) Mortgage repayments for many are the big struggle with some experiencing hundreds of dollars increase per week as interest rates have risen continuously.
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