INDEPENDENT NEWS

Shift In Spending Patterns As Expenditure Increases

Published: Tue 5 Mar 2024 10:50 AM
New Zealanders have changed their household spending patterns as the cost of living has increased, according to data released by Stats NZ today.
Household expenditure data collected by the Household Economic Survey is made up of 13 different groups, 12 main expenditure groups (including food, recreation and culture, and health), and one ‘sales, trade-ins, and refunds’ group. The 12 main expenditure groups can be expressed as proportions of the total net expenditure (which is expenditure after deductions from sales, trade-ins, and refunds). Half of the 12 main expenditure groups have increased between the years ended June 2019 and 2023:
food – up 28.1 percent (to $300 per week)housing and household utilities – up 15.5 percent (to $398 per week)health – up 18.5 percent (to $50 per week)transport – up 16.5 percent (to $252 per week)miscellaneous goods and services (which includes expenditure on insurance, personal care, and credit services) – up 21.6 percent (to $139 per week)other expenditure (which includes contributions to savings and interest payments) – up 31.4 percent (to $176 per week).Visit our website to read this news story and information release and to download CSV files:Shift in spending patterns as expenditure increasesHousehold expenditure statistics: Year ended June 2023CSV files for download

Next in Business, Science, and Tech

‘Cuts In Context’ Report Launch And Visual Display At Parliament Today
By: Taxpayers' Union
Conference Win Will Showcase Auckland’s AI Capability
By: Tataki Auckland Unlimited
Retail Activity Up In March 2024 Quarter After Eight Declines
By: Stats NZ
Farewell Anchor, Fresh'n Fruity And Mainland: What’s Behind Fonterra’s Decision To Sell Its Consumer Brands?
By: The Conversation
Broadband Prices In 223 Countries Revealed. New Zealand Ranks In 128th Place - Do Kiwis Pay Too Much?
By: NZ Compare
DIA & SkyCity Reach Settlement Agreement For Anti-Money Laundering And Countering Financing Of Terrorism Breaches
By: Department Of Internal Affairs
View as: DESKTOP | MOBILE © Scoop Media