NZ beneficiaries hit hardest by rising rents, petrol prices

Wed, 25 Jul 2018

By Paul McBeth July 26 (BusinessDesk) - Rising rents, high power bills and more expensive petrol fell most heavily on New Zealand's beneficiaries in the June quarter, with those receiving government support facing the fastest inflation in the period. Consumer prices for beneficiaries rose 0.5 percent in the three months ended June 30 for an annual pace of 2.1 percent, Statistics New Zealand's household price index shows. That compares to a quarterly pace of 0.4 percent and annual increase of 1.9 percent for all New Zealanders. That impos...

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