New Zealand forecasts 2024 inflation near 2%, but warns 2025 may see rise to 2.5% due to higher costs.

New Zealand's annual inflation is forecast to end 2024 near the Reserve Bank's 2% target, with the consumer price index expected to rise by 0.5% in the fourth quarter. However, economists warn of uncertainties for 2025, including a weak New Zealand dollar and higher oil prices, which could push annual inflation to around 2.5%. The cost of imported goods and services is expected to drive this increase.

2 months ago
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