Source: MIL-OSI Submissions
Increase in cost of living reaches new high – Media release
10 February 2022
The annual cost of living increase, as measured by the household living-costs price indexes, was the highest recorded since the series began in 2008 for 7 out of the 13 household groups, Stats NZ said today.
The cost of living was 5.2 percent higher for the average household in the December 2021 quarter than the December 2020 quarter.
The increase in living cost was higher for every household group in the December 2021 quarter compared with the December 2020 quarter, with living cost increases ranging from 4.8 percent for the beneficiary household group to 5.4 percent for the highest-spending household group.
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