Low-spending households face increased inflation, Stats NZ says

Thu, 26 Oct 2017

By Rebecca Howard Oct. 27 (BusinessDesk) - Low-spending households continued to face higher inflation than top earners in the third quarter although superannuitants were hit by rising rates and insurance costs, Stats NZ said. Overall costs for the lowest-expenditure household group were up 0.8 percent in the September 2017 quarter, compared with the June quarter, the government statistician said. Households in the highest earning group saw their cost of living lift 0.5 percent, Stats NZ said. Superannuitants, however, experienced the hig...

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