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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/169ccd45-0d4a-4c20-846f-b321006bdfee/transcript