AMP Chief Economist Shane Oliver warns that the "snowball effect" of rising global oil costs and domestic indexing could push inflation toward 4.6%, forcing the Reserve Bank's hand on interest rates.

<p>AMP Chief Economist Shane Oliver warns that the "snowball effect" of rising global oil costs and domestic indexing could push inflation toward 4.6%, forcing the Reserve Bank's hand on interest rates.</p>

Tune into 2GB Drive from 3pm to 6pm each weekday.

<p>Tune into 2GB Drive from 3pm to 6pm each weekday.</p>