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flag New Zealand's consumer confidence drops as inflation fears rise, despite economic optimism.

flag New Zealand's consumer confidence fell 4 points to 94.7 in July, with inflation expectations rising to 5.1%, the highest since April 2023. flag Households are struggling with increased costs for food, electricity, and insurance. flag Despite the pessimism, ANZ economists predict some improvement as more people transition to lower mortgage rates and high farmer incomes support regional economies.

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