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The bank stated that hot weather will 'look through' effect on inflation as a result of the grow in GST, the Emissions Trading Scheme, plus other related tax turns. The bank forecasts make fish an additional merely two.7% will be added to inflation as a result of these former factors, with buyer Price Index crowning at 4.8% in June year 2011. Taking aside these factors, the underlying inflation rate would be 2.1%.

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