Cost of living surged 6.2% for average household in year

(Image: Getty)

Mon, 29 Apr 2024

The average New Zealand household’s cost of living went up 6.2% in the year to March 31, Stats NZ said today.The household living-costs price index for the March quarter was down slightly from the 7.0% hike recorded in the year to Dec 31.But it was still well above the inflation rate of 4% measured in the consumers price index (CPI) for the year to March 31.Interest payments increased by 28% for the average household in the year to March 31.Those interest payments are among the costs measured in the household living-costs price index, whe...

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