New Zealand's household inflation rose 1.0% in Q3, hitting elderly and low-income groups hardest.

New Zealand's household inflation rose by 1.0% in the September quarter, impacting the elderly and low-income groups most significantly, with superannuitants experiencing a 1.7% inflation rate. Over the past year, living costs increased by 3.8%, down from 5.4% previously. Increases in mortgage interest (18.2%), insurance (16.4%), and rent (4.8%) contributed to higher living expenses, while the Consumer Price Index showed a lower inflation rate of 2.2%.

November 04, 2024
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