Story: Prices and inflation

Clyde dam (1st of 2)

Clyde dam

The Clyde dam is a major producer of electricity. In New Zealand the electricity market has no international competition and local competition is limited. Such a good is often described as ‘non-tradable’ because it cannot be traded internationally. The consequence of the lack of competition is that electricity producers were more likely to raise prices.

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Te Ara - The Encyclopedia of New Zealand
Photograph by Jock Phillips

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How to cite this page:

Adolf Stroombergen, 'Prices and inflation - Changes in relative prices', Te Ara - the Encyclopedia of New Zealand, (accessed 25 January 2022)

Story by Adolf Stroombergen, published 11 Mar 2010