The Finance Minister says New Zealand's inflation situation is very different to Australia's. 

Across the ditch, the rate's surged from 3.7% in February to 4.6% in March. 

Our headline rate was unchanged at 3.1% in the March quarter, but economists expect it to approach 4.5% for June. 

Nicola Willis told Mike Hosking Australia was experiencing higher inflation before the fuel crisis, in part due to government spending. 

She says she wants to be diplomatic, but the Australian Government is stimulating the economy more through its higher spending. 

LISTEN ABOVE