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New Zealand quarter on quarter CPI increased more than forecasted in the second quarter of the year to 1 per cent.

New Zealand Consumer Price Index up to 1%

New Zealand quarter on quarter CPI increased more than forecasted in the second quarter of the year.  Chances are the Central Ban of New Zealand will raise interest rates along this year. 

CPI, which measures the change in the price of goods and services purchased by consumers, grew more than expected to 1.0%.  In the first quarter, CPI ended up on 0.8%.

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