We're spending more on fuel, crowding out most other areas.  

ANZ card data from April shows spending at the pump jumped 0.9% on top of March's 20% hike shortly after the Iran war began.  

Spending on retail, public transport, car dealerships, and the normally recession-proof health and beauty sector all took a hit.  

There was an unusually large drop at supermarkets too – 1.4%. 

First Retail Group Managing Director Chris Wilkinson told Mike Hosking they've seen a decisive shift in how we grocery shop.  

He says people are opting for different brands and being smart with their money. 

LISTEN ABOVE  

We're spending more on fuel, crowding out most other areas. &nbsp;
ANZ card data from April shows spending at the pump jumped 0.9% on top of March's 20% hike shortly after the Iran war began. &nbsp;
Spending on retail, public transport, car dealerships, and the normally recession-proof health and beauty sector all took a hit. &nbsp;
There was an unusually large drop at supermarkets too – 1.4%.&nbsp;
First Retail Group Managing Director Chris Wilkinson told Mike Hosking they've seen a decisive shift in how we grocery shop. &nbsp;
He says people are opting for different brands and being smart with their money.&nbsp;
LISTEN ABOVE &nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Chris Wilkinson: First Retail Group Managing Director on the ANZ card data showing how Kiwis are spending

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/55a7f25c-eada-458c-a97f-b44101538425/transcript