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New Zealand's consumer confidence drops as inflation fears rise, despite economic optimism.
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.
Households are struggling with increased costs for food, electricity, and insurance.
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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La confianza del consumidor de Nueva Zelanda cae a medida que aumentan los temores de inflación, a pesar del optimismo económico.