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New Zealand’s inflation hit 3.1% in December 2025, exceeding its target, due to rising energy, rent, and travel costs.
New Zealand's annual inflation rate rose to 3.1% in the December 2025 quarter, the highest since mid-2024 and above the Reserve Bank's 1% to 3% target, owing to increases in electricity, rent, local authority rates, airfares, and telecommunications.
The quarterly CPI increased by 0.6%, driven by higher international travel costs and gasoline prices, while vegetable and pharmaceutical prices fell.
Despite a recent rate cut to 2.25%, the central bank may reconsider further hikes if inflation remains high.
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La inflación de Nueva Zelanda llegó al 3,1% en diciembre de 2025, superando su objetivo, debido al aumento de los costos de energía, alquiler y viajes.