WELLINGTON, May 1 (NNN-XINHUA) – Food and housing costs were the main drivers of inflation for all household groups in New Zealand, according to figures released by the statistics department, Stats NZ, today.
The cost of living for the average household increased by 7.7 percent in the 12 months to Mar, 2023, which follows an 8.2 percent increase in the 12 months to Dec, 2022, Stats NZ said.
“Food prices increased by 12 percent for the average household, which was the main contributor for most household groups,” Stats NZ consumer prices manager, James Mitchell, said.
Higher prices for interest payments, grocery food, rent, and fruit and vegetables were the main contributors to this increase, he said.
Each quarter, the household living-costs price indexes measure how inflation affects 13 different household groups in New Zealand, whereas the consumer price index measures how inflation affects New Zealand as a whole, Mitchell said.– NNN-XINHUA
