The latest inflation figures are due out later today, and economists aren't expecting a dramatic change from the current 7.2 percent figure.
Analysis in the New Zealand Herald suggests people are now $5,000 worse off, on average, than they were at the beginning of 2021.
Things are only expected to get worse with inflation likely to remain high.
Tim Hazledine, emeritus professor of economics at the University of Auckland, spoke to Corin Dann.
Photo: University of Auckland
