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The Bank stated that it's going to 'look through' the effect on inflation by just the boost in GST, the Emissions Trading Scheme, [Redirect-Java] plus other related tax upgrades. The Bank forecasts that more 2.7% are added to inflation as a result of these former factors, associated with Consumer Price Index crowning at fourth.8% in June 2011. Taking aside these factors, the underlying inflation rate would be 2.1%.

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