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flag New Zealand's cost of living increased by 3%, hitting low-income families hardest despite slowing inflation.

flag The cost of living in New Zealand rose by 3% over the past year, affecting low-income households the most, with some delaying healthcare. flag While inflation is slowing, a potential 50 basis points cut in interest rates could offer relief, though rising costs in insurance and council rates may counterbalance this. flag The poorest households saw a 3.9% increase, while the wealthiest saw a 2.7% rise.

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