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New Zealand's household costs rose 2.2% annually in Dec 2025, with inflation easing due to falling mortgage payments, but lower-income households still felt greater pressure.
Household living costs in New Zealand rose 2.2% over the 12 months ending December 2025, according to Stats NZ, marking a slight slowdown from the prior quarter and continuing a trend of easing inflation since its 2022 peak.
The household living-costs price index (HLPI) remains below the broader consumer price index (CPI), which rose 3.1%, due to a 17.3% drop in interest payments driven by declining rates.
Inflation varied widely by group, with lower-income and beneficiary households facing higher burdens, while high-spending households saw minimal inflation, largely due to reduced mortgage costs.
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Los costos de los hogares de Nueva Zelanda aumentaron un 2,2% anualmente en diciembre de 2025, con una disminución de la inflación debido a la caída de los pagos hipotecarios, pero los hogares de bajos ingresos aún sintieron una mayor presión.