7975 (2026). Hon Barbara Edmonds to the Minister of Finance

Written Question

Published date: 01 Apr 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	7975 (2026)
Question asked:	10 Mar 2026
Member asking:	Hon Barbara Edmonds
Portfolio:	Minister of Finance
Minister replying:	Hon Nicola Willis
Answer received:	29 Mar 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_07975_2026
Document guid:	b5f88683-f453-44e5-b0fc-8cc5e25b3fcd

7975 (2026). Hon Barbara Edmonds to the Minister of Finance: What is the impact, if any, on inflation of a sustained oil price shock arising from the Iran conflict?

Hon Nicola Willis: A sustained oil price shock will contribute to inflationary pressures on the economy. The magnitude of this impact will depend on the duration of the conflict, and the responses of key factors such as international supply chains, monetary policy, and consumer spending.