Pensioner living costs hit by council rate rises

Thu, 25 Oct 2018

By Rebecca Howard Oct. 26 (BusinessDesk) - Superannuitants faced the highest inflation in the September quarter due to a strong lift in local authority rates. Retirees saw their cost of living lift 1.2 percent in the quarter as local authority rates lifted 5.6 percent, Statistics New Zealand said. Of the different household groups measured by Stats NZ, superannuitants were hit hardest by rates rises, while beneficiaries were affected least. “As a proportion of their expenditure, superannuitants spend four times as much on local aut...

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