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Prices inched up for high-spending households in the December quarter | Share Chat NZ

High-spending households were hit by rising airfares and rental car costs in the December quarter while lower spending ones got some relief from cheaper vegetables.

High-spending households saw their cost of living lift 0.2 percent on the quarter while the lowest-spending ones saw it dip 0.1 percent, Statistics New Zealand said.

High-spending households were hit by a rise in international airfares and rental car prices, consumer prices manager Caroline White said. “Low-spending households don’t typically take many overseas trips or hire rental cars, so those price increases had little impact on them,” she said.

Low-spending households benefited the most from cheaper vegetables in the last three months of 2018, she said. According to White “low-spending households typically spend more of their household budget on vegetables than other groups.”

In addition to vegetables, living costs for low-spending households were brought down by price falls for soft drinks, waters and juices, cigarettes, and petrol, she said.  These falls were offset by price rises in rents and meat and poultry.

Better weather has meant vegetable prices have been lower over the year as poor growing conditions in 2017 saw them shoot higher.

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Prices inched up for high-spending households in the December quarter – sharechat.co.nz.

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