Deflation hits New Zealand
The Reserve Bank will now come under even greater pressure to delay interest rates rises further.
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Budget 25
Price inflation dipped into the negative territory in the final months of 2014.
The Reserve Bank will now come under even greater pressure to delay interest rates rises further - or even cut the OCR - after price inflation fell 0.2% in the December quarter.
Petrol prices fell 5.7% for the quarter
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Rob Hosking
Wed, 21 Jan 2015
Wed, 21 Jan 2015
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Deflation hits New Zealand
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