Inflation rises again, says Infometrics and Foodstuffs data

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.

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