Infometrics Chief Executive and Principal Economist Brad Olsen and Principal Consultant Rob Heyes discuss the latest changes in household cost-of-living pressures. Inflation is now moderating, but it remains high compared to the last three decades, with different pricing pressure trends driving current higher prices. Households are adjusting their behaviour to account for these higher prices, spending more on some areas and cutting back in others. Changes in the labour market also means that incomes are generally increasing strongly, but job security has fallen as unemployment rises.