An economic expert says homeowners are disproportionately feeling the pain of the cost of living crisis.
Latest figures from Stats NZ show the average household's cost of living increased 7.2%in the year to June.
The official inflation rate for the period was six percent, but interest payments went up 28%.
New Zealand Initiative Executive Director Oliver Hartwich told Mike Hosking there's been a difference in the cost rises on average between renters and homeowners.
He says the interest rates increase means if someone is renting they will be facing lesser rises in costs.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.