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1. New Zealand’s Q3 CPI inflation was +1.0% q/q (+0.96% q/q unrounded) and +3.0% y/y.
This was close to our and the RBNZ’s +0.9% q/q and +3.0% y/y forecast.
A little under two-fifths of quarterly headline inflation came from higher prices for property rates, electricity and gas.
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