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27 Dec 2024 16:11
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  •   Home > News > Business

    New Zealand's on track to have two-percent inflation by year's end

    New Zealand's on track to have two-percent inflation by year's end


    Stats NZ data reveals a mostly flat October.

    Monthly food prices fell point-nine percent - and annual fuel prices dropped 13.9 percent from last year.

    ASB senior economist Mark Smith says this should let the Reserve Bank cut the OCR 50 basis points - but wider factors still have a role.

    He says the global inflation backdrop is unlikely to be as benign in 2025 - so economists would like the Reserve Bank to tread more carefully with OCR cuts next year.

    © 2024 Newstalk ZB, NZCity

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