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20 Apr 2024 22:55
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  •   Home > News > Business

    Retail spending is continuing to take a hit, as fuel and food prices continue to rise

    Retail spending is continuing to take a hit, as fuel and food prices continue to rise


    New figures from Stats NZ show spending on groceries and liquor increased 52-million dollars last month.

    However, overall retail card spending dropped by 11-million dollars.

    Retail NZ chief executive Greg Harford says households are responding to mounting economic uncertainty.

    He says things like the depressed housing market is making consumers feel less wealthy than a year ago, and that's flowing through into retail spending.

    © 2024 Newstalk ZB, NZCity

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