There’s a belief we're still yet to reap the benefits of having inflation under control. 

Latest Stats NZ figures show the inflation rate for the year to December was 2.2%, unchanged from September. 

Inflation is well down on the once-in-a-generation high of 7.3% of just two and a half years ago. 

The Herald's Liam Dann told John McDonald we're still yet to see many prices come down. 

He says rents are still up for example, but they should be coming down with a struggling property market. 

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