Retail spending's been continuing to fall alongside rising fuel prices. 

Latest Stats NZ data shows spending in core retail industries last month was down 1.2% on the month before. 

Spending on durables like hardware and furniture fell 2.1%, spending on vehicles slid 2%, and cafes, bars, and restaurants had 1.6% less money going through the till. 

Kiwis were instead spending that on filling the tank, with fuel spending up 4.8% month on month. 

Infometrics' Principal Economist Nick Brunsdon told Mike Hosking households are spending more on what they have to, and less on what they can get on without. 

LISTEN ABOVE  

Retail spending's been continuing to fall alongside rising fuel prices.&nbsp;
Latest Stats NZ data shows spending in core retail industries last month was down 1.2% on the month before.&nbsp;
Spending on durables like hardware and furniture fell 2.1%, spending on vehicles slid 2%, and cafes, bars, and restaurants had 1.6% less money going through the till.&nbsp;
Kiwis were instead spending that on filling the tank, with fuel spending up 4.8% month on month.&nbsp;
Infometrics' Principal Economist Nick Brunsdon told Mike Hosking households are spending more on what they have to, and less on what they can get on without.&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,...

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Nick Brunsdon: Infometrics' Principal Economist on retail spending continuing to fall month on month as fuel prices rise

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/905e9765-42b5-41b6-8f20-b5000147e1a1/transcript