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New Zealand Prime Minister Chris Hipkins speaks to media during a post-cabinet press conference at Parliament in Wellington, New Zealand, on Jan. 25, 2023. Hagen Hopkins/Getty Images
An increasing number of New Zealand families are feeling the pinch from the rising cost of living, as the inflation rate remained at a near three-decade high in the three months to December.
Stats NZ revealed the annual inflation rate in the December quarter remained stubbornly high at 7.2 percent.
