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NZ inflation slowing but remains too high, economists say
Inflation, dubbed “nobody’s friend” by Reserve Bank governor Adrian Orr, is expected to have fallen to its lowest level since December 2021 – but it remains too high. The latest inflation data for the June quarter, due for release on Wednesday, will likely show prices rose at a 5.9% annual pace, the lowest level since December 2021, according to forecasts from ANZ, ASB and Westpac. That’s down from a 6.7% annual rate in the March quarter, and a peak of 7.3% in the June quarter last year, and would be weaker than the Reserve Bank’s 6.1% forecast in its May monetary policy statement. The Reserve Bank Te ... (full story)