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The Bank stated that it'll 'look through' the effect inflation as a result of the craze of GST, the Emissions Trading Scheme, plus other related tax upgrades. The Bank forecasts that however another 2.7% can added to inflation resulting from these former factors, the brand new Consumer Price Index crowning at seven.8% in June 2011. Taking aside these factors, the underlying inflation rate would be 2.1%.
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