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Source: MIL-OSI Submissions

Annual inflation almost three times higher for beneficiaries – Media release

5 February 2021

Annual inflation for beneficiaries was almost three times higher than for all households in the year to December 2020, partly driven by higher rents, Stats NZ said today.

In the year to December 2020, as measured in the household living-costs price indexes, inflation for beneficiary households increased by 1.9 percent, and overall annual inflation increased by 0.7 percent for all households. Each quarter, the HLPIs calculate how inflation affects 13 different groups, while the consumers price index calculates how inflation affects New Zealanders as a whole.

This annual rise for beneficiaries was driven by a 3.6 percent increase to actual rentals for housing. For all households the rise was 3.2 percent.

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