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ASB bank revises expected inflation increase

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ASB bank revises expected inflation increase

By: Anna Cross | Business News | Monday April 16 2012 13:33

 

ASB bank has revised its expected inflation increase downwards, following a one percent drop in food prices in March.

It's now picking a 0.5-percent lift in the Consumer Price Index on Thursday, forecast down from 0.6-percent.

ASB says it was expecting food prices to increase 0.3-percent, and as it's a large component of the CPI, it's nudged expectations down.

 

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