Cost Of Living Increase 2024 Nz. To calculate each city's price index value, we start by assigning a value of 100 to a central reference city (that happens to be prague). The cost of living for the average new zealand household increased 6.2 per cent in the 12 months to the march 2024 quarter, according to figures released by stats nz.

Last week’s announcement that the inflation rate has fallen to 4.0%pa in the march 2024 quarter from a high of 7.3%pa in the june 2022 quarter will have come as welcome relief to households across the country. To calculate each city’s price index value, we start by assigning a value of 100 to a central reference city (that happens to be prague).