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New Zealand’s CPI eases to 4.0% yet exceeds target, driven by housing costs
Source: Buzz FX / 16 Apr 2024 22:46:18 America/Chicago
New Zealand CPI rose 0.6% qoq in Q1, while annual inflation rate decelerated from 4.7% yoy to 4.0% yoy. This marks the lowest annual inflation rate since Q2 2021 but still remains above RBNZ’s target band of 1-3%.
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