Cost of Living Crisis - Basic Living Costs

New data has revealed the true depths of the cost of living crisis with New Zealanders on average spending 8.2 percent more in the past year. (02/02/2023)

For the lowest-spending households, overall food prices increased 11 percent, grocery food prices increased 10 percent, and fruit and vegetable prices increased a whopping 21 percent.

Beneficiaries also experienced an increase with their cost of living jumping 6.9 percent, mainly driven by rent, higher interest payments, food and fresh groceries.

Rent makes up about a third of beneficiary household spending, the data shows. This compares with 13 percent for the average household and 5 percent for the highest-spending households.

https://www.newshub.co.nz/home/money/2023/02/new-data-reveals-true-depth-of-new-zealand-s-cost-of-living-crisis-as-household-spending-jumps.html