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flag New Zealand anticipates a 2.8% annual inflation rise, mainly due to higher food and power costs.

flag New Zealand faces a predicted 12-month high in inflation, with consumer prices expected to rise 0.6% in the June quarter, pushing the annual rate up to 2.8%. flag This increase is driven by higher food and power costs, though cheaper fuel offsets some of the rise. flag The Reserve Bank of New Zealand is expected to balance controlling inflation with supporting the economy, with further interest rate cuts anticipated in August and possibly later.

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