Inflation has hit a 32-year high of 7.3%, with housing costs said to be the biggest driver.
In the past three months, the cost of building a new home rose 18-percent and renting a home went up 4.3 percent.
Transport was the next biggest factor, with petrol prices increasing 32-percent in the past year, the biggest annual increase since 1985.
NZ Herald Business Editor at Large Liam Dann joined Kerre Woodham.
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