Mary Jo Vergara: Kiwibank senior economist on what latest CPI data says about the economy
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
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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