This comes as 52% believe that inflation will rise in the next 12 months, as the majority also anticipate an increase in household spending, such as:
“This report gives us some insight as to why New Zealanders still see inflation as the most important issue facing New Zealand,” said Carin Hercock, Country Manager, Ipsos New Zealand, in a statement.
“New Zealanders are not making the connection between reductions in the official cash rate to an improvement in living costs. Instead, the majority believe that major household costs like groceries, power and insurance will continue to increase in the next six months.”