The rising costs of living are causing households’ budgets to be stretched, Newshub says, but ASB economists are warning Kiwis will need to find an extra $110 per week to keep up with soaring costs over the next 12 months. This comes as annual inflation rose to 7.3% in the June quarter, the largest jump in 32 years.However, according to June income figures from StatsNZ, average household incomes rose by close to 6% and wage and salary earners registered an 8.7% increase in weekly gross income.