Housing, household utilities and food prices squeeze beneficiaries the most in 2Q

Wed, 26 Jul 2017

By Rebecca Howard July 27 (BusinessDesk) - Beneficiaries were the hardest hit by inflation in the second quarter of the year due to higher prices for housing, household utilities and food, while overall prices continued to dip for top earners, Stats NZ said. Overall costs for beneficiaries rose 0.3 percent in the June 2017 quarter, compared with the March quarter, according to Statistics New Zealand. Households in the highest earning group, however, saw their cost of living fall 0.1 percent, Stats NZ said. The agency began publishing t...

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