Experts have offered reassurance our high inflation isn't a sign of things to come.

Stats NZ figures show the Consumers Price Index reached 2.7 percent for the year to June.

Inflation fell to just 2.2 percent last year - from 7.3 percent three years ago - but has been rising since.

Kiwibank senior economist Mary Jo Vergara says this is likely a spike, so should go back down.

"If you look at domestic inflation, that's really trending down - so I don't think this is going to be something that is persistent." 

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Experts have offered reassurance our high inflation isn't a sign of things to come.
Stats NZ figures show the Consumers Price Index reached 2.7 percent for the year to June.
Inflation fell to just 2.2 percent last year - from 7.3 percent three years ago - but has been rising since.
Kiwibank senior economist Mary Jo Vergara says this is likely a spike, so should go back down.
"If you look at domestic inflation, that's really trending down - so I don't think this is going to be something that is persistent."&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Mary Jo Vergara: Kiwibank senior economist on what latest CPI data says about the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/37b36115-5e72-4575-b464-b321006be0eb/transcript