Consumer spending returned to growth in May thanks namely to soaring petrol prices and a boost from the box office.
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Data shows people are spending more - but not on luxuries, Paymark says
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Two straight months of spending declines in April and May had concerned market watchers.
Paymark data for May shows spending was higher than last year, but "all the growth is in food, fuel and liquor".
Shoppers cut back on spending dramatically last month as high inflation and concerns about tax rises squeezed households.
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Higher fuel prices lifting spending even as underlying demand remained subdued.
Retail sales were up 0.9 per cent in June, following a grim 2.8 per cent tumble in May.
