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AAP
AAP
Ben McKay

New Zealand inflation plummets to 2.2 per cent

Inflation New Zealand RBNZ
New Zealand's inflation rate is under three per cent for the first time in over three years. (Lukas Coch/AAP PHOTOS)

After three years outside the Reserve Bank's target band, the inflation genie is back in the bottle in New Zealand, down to 2.2 per cent.

On Wednesday, Stats NZ confirmed the consumers price index (CPI) inflation was back under three per cent for the first time since 2021.

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