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Consumer prices was up 0.6% in December quarter
The annual inflation rate was at 3.1% from 3.0%, the highest since June 2024
Quarterly growth driven by fuel, airfares and telco services, offsetting cheaper food
Higher food, electricity, rates and rents have driven an annual increase
Underlying inflation remains about 2.5%, which backs the RBNZ keeping rates steady.
Inflation has edged higher on the back of higher fuel, travel, and telecommunication costs backing the view the Reserve Bank will ho
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