{"id":548578,"date":"2026-07-28T22:53:12","date_gmt":"2026-07-28T22:53:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/548578\/"},"modified":"2026-07-28T22:53:12","modified_gmt":"2026-07-28T22:53:12","slug":"is-new-zealand-still-in-a-cost-of-living-crisis-an-economist-thinks-not","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/548578\/","title":{"rendered":"Is New Zealand still in a cost of living crisis? An economist thinks not"},"content":{"rendered":"<p>An economist says New Zealand is no longer in a cost of living crisis. \u00a0<\/p>\n<p>New Stats NZ data shows the cost of living for the average New Zealand household increased 3.2% in the year to June 2026 quarter. \u00a0<\/p>\n<p>It&#8217;s the largest jump in more than four years, with higher petrol prices accounting for almost one-third of the annual increase\u00a0<\/p>\n<p>Westpac Chief Economist Kelly Eckhold told Mike Hosking it isn&#8217;t a crisis, but concedes it&#8217;s not a comfortable situation for many. \u00a0<\/p>\n<p>He says cost increases are outstripping wage increases, but it isn&#8217;t as bad as the post-Covid era.\u00a0<\/p>\n<p>LISTEN ABOVE\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"An economist says New Zealand is no longer in a cost of living crisis. \u00a0 New Stats NZ&hellip;\n","protected":false},"author":2,"featured_media":542811,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,24747,200256,3914,219,269468,111,139,69,17239],"class_list":["post-548578","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-costofliving","tag-costoflivingcrisis","tag-economist","tag-economy","tag-kellyeckhold","tag-new-zealand","tag-newzealand","tag-nz","tag-westpac"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/548578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=548578"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/548578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/542811"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=548578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=548578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=548578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}