There's belief from some economists that inflation's peaked, and it's all downhill from here. 

It reached 3 percent in the year to September - up from 2.2 percent the year before.

Kiwibank says the third quarter is traditionally tough, and conditions are likely to improve as the year ends. 

Kiwibank chief economist Jarrod Kerr says he's satisfied domestic prices will now ease. 

"We think inflation, this time next year, will be running at about 1.7, 1.8 percent. So job done for the Reserve Bank."

LISTEN ABOVE