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In 1914 New Zealand, tobacco was deemed a necessity and a haircut a luxury. Now, online airfares and contraceptives are on the country’s inflation index. The WSJ’s Ramy Inocencio talks with Wellington reporter Lucy Craymer about how times have changed.

“Happy 100th Birthday, New Zealand Inflation Index” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

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