In 1978–79 there was another big increase in petrol prices following the earlier rise in 1973–74. In the short term the government tried to minimise the effect on New Zealand’s overseas debt levels by issuing motorists with stickers specifying one day in the week when they could not drive their car. In the long term the oil price increases did feed general inflation; but it seems likely the inflation continued on during the 1980s because governments kept issuing more currency.
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Alexander Turnbull Library
Reference:
B-135-684
Cartoon by Nevile Lodge
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