Annual inflation remains above target as business blues bite
The Iran conflict is sending inflation higher and firms’ confidence lower.
Inflation could spike closer to 5% this year.
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Annual inflation has remained out of target again as higher petrol and electricity prices eat into household budgets.
Statistics NZ data today showed inflation at 3.1%, which was roughly in line with expectations, as the Iran war puts pressure on prices. The biggest contributor to the annual rise
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