There may simply be no avoiding a spike in inflation.

Latest data from Infometrics and Foodstuffs shows grocery supplier cost inflation is rising again - reaching 2.2% in the year to May.

Many economists now expect CPI inflation to surpass four-percent in the year to June.

Infometrics Principal Economist Brad Olsen told Mike Hosking that a US-Iran peace deal probably won't change much in the short term.

He says businesses are waiting to see ships carrying oil moving again through the Strait of Hormuz.

LISTEN ABOVE

There may simply be no avoiding a spike in inflation.
Latest data from Infometrics and Foodstuffs shows grocery supplier cost inflation is rising again - reaching 2.2% in the year to May.
Many economists now expect CPI inflation to surpass four-percent in the year to June.
Infometrics Principal Economist Brad Olsen told Mike Hosking that a US-Iran peace deal probably won't change much in the short term.
He says businesses are waiting to see ships carrying oil moving again through the Strait of Hormuz.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Brad Olsen: Infometrics Principal Economist discusses latest data from Infometrics and Foodstuffs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d5421181-61a0-4c35-bd49-b469015fd264/transcript