Everyone feels the inflation pain this time

Everyone feels the inflation pain this time
Over the past 14 years the cost of living has increased much faster for lower income households. (Image: Depositphotos)
Andy Fyers
Between 2008 and June 2021, poorer households experienced an inflation rate more than 50% greater than higher-income households.Superannuitant and beneficiary households had it even worse again, with rates close to double that of households in the top 20%.However, in the past 12 months, during which New Zealand has experienced its worst inflation surge in decades, the impact across different household groups has been much more evenly distributed.For the top 60% of the wealthiest households, the cost of a typical basket of goods, as measured by...

More Economy

Employment confidence ticks up in December quarter
Economy

Employment confidence ticks up in December quarter

A further indicator of some stabilisation in the labour market. 

Business confidence stutters into 2025
Economy

Business confidence stutters into 2025

Nothing to stop a 50 point interest rate cut next month, says NZIER.

Pattrick Smellie 14 Jan 2025
Hospitality spending hit hardest in 2024
Retail

Hospitality spending hit hardest in 2024

Core retail spending grew at the slowest rate in five years.

Gregor Thompson 13 Jan 2025
Nearly 6,000 new roles filled in November, Stats NZ says
Economy

Nearly 6,000 new roles filled in November, Stats NZ says

The country added almost 6,000 jobs in November, and service industries fueled the increase.Stats New Zealand said on Monday that filled job numbers rose 0.3% compared to October.Primary industries provided 436 fewer jobs.Goods-producing industries, the biggest of which are manuf...

Staff reporters 13 Jan 2025