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NZ: Is 2024 the year our inflation problem goes away?
video Inflation is likely to ease through 2024 but will probably remain a headache, economists say. The rising cost of living has been a theme of recent years, as inflation hit levels not seen in three decades. Data out this month is expected to show further cooling, but economists say there is still a way to go before the Reserve Bank will be comfortable. The Reserve Bank’s target is to keep inflation between 1% and 3% over the medium term. Andre Castaing, economist at ANZ, said he expected the consumer price index to show an annual rate of increase of 4.8% when the numbers for the fourth quarter of 2023 are ... (full story)