An American article, but the same general situation applies in NZ.

The rising costs that never seem to register in the CPI are for the biggest items in many Americans’ budgets, and their incomes keep falling further behind. From Charles Hugh Smith at The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a […]

via Skyrocketing Costs Will Pop All the Bubbles, by Charles Hugh Smith — STRAIGHT LINE LOGIC