Inflation could hit 3.7% under Treasury’s ‘worst-case’ inflation scenario. 

It’s while petrol prices have risen about 45 to 50 cents a litre, adding about $23 to the price of filling an average car.  

Finance Minister Nicola Willis has outlined the government's priorities - First a focus on supply chains, then potential and anticipated freight disruptions, and lastly our economic response.   

Ministers are meeting daily, written situation updates twice-daily, they’re working closely with importers – we're being told not to panic. 

But, after criticising the last government to no end about its economic decisions during the pandemic - what tools does this government have to ease cost-of living pressures? 

Today on The Front Page, NZ Herald business editor at large Liam Dann is with us to talk through what we could do next. 

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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

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