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Wellington: Soaring prices continued to affect all household groups in New Zealand in the 12 months to December 2022, the country’s statistics department said on Thursday.
The cost of living for the average household, as measured by the household living-costs price indexes (HLPIs), increased by 8.2 percent in the 12 months to December 2022, Xinhua news agency reported citing Stats NZ as saying.
“Higher prices for housing, food, and transport were the main contributors to the increase across all household groups,” consumer prices manager James Mitchell said.
Each quarter, the household living-costs price indexes measure how inflation affects 13 different household groups, plus an all-households group. The consumer price index (CPI) measures how inflation affects New Zealand as a whole, Mitchell said.
He added that the all-households group or the average household represents all private New Zealand-resident households.
Annual inflation, as measured by the CPI, was 7.2 percent in the December 2022 quarter, while annual inflation for the average household as measured by the HLPIs was 8.2 percent.
The two measures of inflation are typically used for different purposes.
A key use of the CPI is monetary policy, while the HLPIs is to provide insight into the cost of living for different household groups, Mitchell said.
One important difference between the two is the treatment of housing. The CPI captures the cost of building a new home, while the HLPIs capture mortgage interest payments, he said.
In the HLPIs, interest payments increased by 45 per cent for the average household in the year to December 2022. In the CPI, the cost of building a new home increased by 14 percent in the same period, statistics show.
Meanwhile, the official cash rate, used by the Reserve Bank to control inflation, increased from 0.75 per cent in December 2021 to 4.25 per cent in December 2022.
“This is reflected in the HLPIs by higher costs for interest payments,” Mitchell said.
This is the highest annual increase of all the household groups. The main contributor to this was higher interest payments because the highest-spending households spend more of their expenditure on interest payments than other household groups, he said.
Highest-spending households’ cost of living increased by 9.4 percent in the year to December 2022.
The cost of living for lowest-spending households was 7.1 percent in the 12 months to December 2022, statistics show.
This was driven by higher prices for rent, grocery food, interest payments, and fruit and vegetables, Mitchell said.
“Lowest-spending households spend proportionally more on grocery food, fruit and vegetables, and meat, poultry and fish, and proportionally less on restaurant meals and ready-to-eat food than the average household,” he said.
For the lowest-spending households, overall food prices increased by 11 percent.
Grocery food prices increased 10 percent, and fruit and vegetable prices increased 21 percent, according to Stats NZ.
Riyadh: The Kingdom of Saudi Arabia’s Royal Commission for AlUla (RCU) has launched an initiative to transform AlUla into the largest living museum in the world, local media reported.
The initiative aims to resettle wild animals, which includes more than 1,580 wild animals belonging to four categories— antelope, reem gazelle, Arabian oryx and mountain ibex, within three nature reserves in AlUla Governorate.
The resettlement campaign is the largest of its kind for the Royal Commission for AlUla, as it includes determining the readiness of the site, monitoring resettled animals, and focusing on scientific studies and preparations for animal resettlement campaigns in AlUla.
Photo: RCU
Photo: RCU
As part of the campaign, the committee will use a lightweight, solar-powered collar for ungulates, a first in the region.
The campaign is in line with Saudi Arabia’s Vision 2030, the Saudi Green Initiative, and the Middle East Green Initiative, with the goal of making AlUla the largest living museum in the world while preserving its environmental and historical heritage.
In order to balance the natural and cultural environment in #AlUla, we are launching the largest campaign to resettle wild animals in nature reserves, which include: Arabian and Sand Gazelle, Arabian Oryx and Nubian Ibex. pic.twitter.com/gOl9eClGXG
Thrifty and eco-friendly consumers seeking to make do and mend rather than splash out on new threads are being credited with boosting sales of darning equipment and clothing repair products including patches, colour dye and thimbles.
The trend to mend means haberdashery – associated with the shopping experience as depicted in the1970s sitcom Are You Being Served? – is back in fashion, according to John Lewis.
The department store chain said it had sold out of darning needles and that sales of darning wool had doubled year-on-year, while sales of repair products such as patches and repair tape were up 61%.
Coloured ribbon displayed in the haberdashery department. Photograph: Bax Walker/Alamy
Susan Kennedy, the head of haberdashery at John Lewis, said: “Whether they’re looking to rejuvenate their clothes, or have been inspired by the likes of Tom Daley’s knitting efforts last year, we’re seeing more and more customers turn to sewing, stitching and knitting.”
She said sales of dressmaking accessories, such as thimbles, dressmakers chalk and pattern-making accessories were up 15% year-on-year.
Many people are learning skills that their grandmothers took for granted, thanks to YouTube, Instagram and TikTok, with such pastimes given space to flourish during the pandemic lockdowns.
BBC One’s The Great British Sewing Bee has also fuelled the trend for stitching, while influencers such as Lily Fulop, Katrina Rodabaugh and Marlen Meiners promote fashionable ideas such as “visible mending” – making repairs look like beautiful artistic additions to a garment, such as embroidered flowers, rather than ugly fix-ups.
Patrick Grant, the host of The Great British Sewing Bee and founder of the Community Clothing label, said: “Mending in all its forms (simple sewing repairs, patching and darning) is most definitely on the rise. The web is filled with useful how-to videos on all aspects of making our clothes last longer.
“I think there are two things driving the rise. I suspect that the cost of living crisis has quite a bit to do with it. If we can save money by doing simple repairs then why wouldn’t we?
A selection of J Dewhurst & Co cotton reels and sewing needles. Photograph: Malcolm Hunt/Alamy
“But I think this trend has been growing for several years now and I think it’s largely been driven by our desire to consume less and throw less away for environmental reasons.”
Businesses and individuals have been prompted to take action amid evidence that the fashion industry is contributing more to the climate crisis than the aviation and shipping industries combined – 10% of global emissions. If trends continue, the industry could account for a quarter of the world’s carbon budget by 2050.
Grant said that “water pollution, soil erosion, and the mountain of plastic it leaves behind” only added to its impact.
Buttons in a haberdashery. Stock image. Buttons in a Haberdashery Photograph: Lima Photography/Alamy
Research by the waste charity Wrap has found that extending a garment’s life by just nine months can reduce its carbon, waste and water footprints by 20%-30%.
With that in mind, some retailers – including Zara and H&M – have begun offering repairs with an eye on the “circular economy” – which promotes the idea of reusing and recycling items.
Specialist services are also springing up to feed the trend – such as the Make Nu and Restory, which has an outlet at Harvey Nichols and works with the luxury online seller Farfetch.
A woman repairing ripped blue jeans. Photograph: Natalia Khimich/Getty Images/iStockphoto
Layla Sargent, the founder of The Seam – which connects skilled menders, cleaners and restorers with the public – said sales rose almost 300% year-on-year in 2022 with 70% of its sales from repairs, restoration and cleaning.
Sargent said her company was flourishing because people simply no longer have the skills to repair their clothes, particular in areas such as London with more transient populations that may be cut off from their family and local community.
Moth-hole repairs are one of The Seam’s most sought after services – with charges from £10 – and she was training additional technicians to keep up with demand.
“There is a changing mindset with a growing narrative about the circular economy, sustainability and responsible consumer behaviours,” she said. “Repair is a central element of the circular economy – you can’t keep renting out a dress unless you repair and wash it. You can’t sell items if they are not cared for and restored.”
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( With inputs from : www.theguardian.com )
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