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AAP
AAP
Politics
Ben McKay

Inflation below forecast but still hot in New Zealand

Inflation remains elevated in New Zealand, creating pressure for politicians and the central bank. (Ben McKay/AAP PHOTOS)

Inflation in New Zealand has come in a tick under expectations, raising hopes the central bank could stay a rate rise next week.

However, an annual consumers price index of 3.7 per cent - driven by fuel costs - remains too hot to handle, meaning it's a matter of when not if for the Reserve Bank (RBNZ).

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