Inflation's up again, but not as high as some economists feared

Latest Stats NZ figures show the rate reached 2.7 percent in the year to June -- up from 2.5 percent to March.

But domestically-driven non-tradeable inflation dropped, from 4-percent to 3.7.

The Herald's Liam Dann says these numbers will provide a little bit of comfort to the Reserve Bank, as it tries to bring down interest rates to get the economy going again.