The rising cost of living and the return of inflation is hitting Kiwis hard. Today, NZME is broadening its coverage of this issue impacting all New Zealanders. We look at how skyrocketing costs are impacting us all, and seek advice from experts and locals on how to manage your finances through these tough times.
New Zealanders across the country are feeling the pressure of the cost of living crisis as inflation and, in particular, food prices reach a 30-year high. Tomatoes have more than doubled in cost and potatoes - a staple people rely on being cheap - are almost 50 per cent more.
While annual inflation - which today sits at 7.2 per cent - is a measure of the country’s economy, there are other Government datasets that are more relevant to the experiences of New Zealanders.
As part of our coverage of this topic, NZME has launched the Price Tracker, an interactive tool to help Kiwis explore changes to prices and better inform their budgeting decisions.