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

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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. 

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