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New Zealand Inflation Q3 2023

New Zealand: Inflation moderates in Q3

Inflation declined to 5.6% in Q3 from 6.0% in Q2. It therefore remained entrenched above the Central Bank’s 1.0%-3.0% target band. The deceleration came on the back of softer increases in prices for food and housing and household utilities.

Meanwhile, consumer prices rose 1.2% from the previous quarter in Q3, coming in above Q2’s 1.1% increase.

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