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Inflation 1.9pc

Last updated 10:58 16/07/2009

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The Consumers Price Index rose 0.6 percent in the June quarter, taking the annual inflation rate to 1.9 percent, Statistics New Zealand said.

Economists expected a 0.5 percent rise in the quarter to an annual rate of 1.8 percent, according to a survey by Reuters.

The rate has fallen from an 18-year high of 5.1 percent as recently as the September 2008 quarter.

- NZPA

 

 

 

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