Cost of living crisis rages on into 2025

Unemployment is currently at 5.1%, with 156,000 people out of work. As the cost of living crisis continues to ravage discretionary spending, according to Stats NZ food prices have also gone up 4.4% in the past year. Inflation has continued to rise and lower income households have been hit hard. Kiwibank Chief economist Jarrod Kerr spoke to Lisa Owen.