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

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 ABOVESee omnystudio.com/listener for privacy information.