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flag New Zealand inflation stays at 3.1% as electricity and meat prices surge.

flag New Zealand's inflation remained steady at 3.1% annually in the first quarter of 2026, slightly above the Reserve Bank's target. flag The rise was driven by surging electricity prices, which jumped 12.5%, along with higher meat, rates, and pharmaceutical costs. flag Petrol prices also increased, contributing to a 0.9% rise in the quarterly Consumer Price Index.

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