Inflation is normal as years pass, but as global events continue to happen, the demand for products and materials go up.
Inflation in New Zealand
New Zealand inflation hit it's highest rate in over 30 years in 2022. When this happens, price increases are widespread across many industries. New Zealand’s inflation is higher than some other nations in the OECD due to our location for international transportation and also our government’s methods of stimulus to the economy of spending or large capital infrastructure projects and social services spending.
Price increases at Azwood
When inflation is felt across the country and world, Azwood experiences significant increases in manufacturing and materials costs, as well as freighting costs within New Zealand and internationally.
This genuine need for ongoing price reviews has resulted in ongoing price adjustments and a regular review of our pricing structure across our product range. So we've made it apart of our quarterly review to keep up with supply and demand, and to be able to continue to supply our customers and partners with our quality products and services.
It is good practice for all businesses to manage risk in an inflationary environment to review prices regularly to ensure they are sustainable for the long term.
The team at Azwood value the continued support from our customers, and we are committed to keeping customers informed of the company’s latest developments. Feel free to contact us if you have further questions.