What happened to inflation?
Despite the kiwi dollar dropping substantially last year, businesses were reluctant to increase prices. With special audio feature.
Kiwi businesses have been reluctant to raise prices despite many experiencing higher costs caused by the lower New Zealand dollar.
This could be one of the reasons price inflation has been so subdued.
Yesterday, the consumer price index (CPI) fell 0.5% in the three months ended December 31 and
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Jason Walls
Thu, 21 Jan 2016
Thu, 21 Jan 2016
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What happened to inflation?
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