Inflation Jumps In May, page-26

And this figure should send shudders down the Federal Government with near everything entering Australia being effected by the recent escalation in container freight costs going through the roof after falling last year.

UP 28.56% OVER THE RECENT MONTH

Ocean freight container spot rates have risen sharply on the world’s top trades since the start of May, prompting speculation that the peak season has arrived early in 2024.What is less clear are the reasons behind these dramatic rate movements.

If you thought May inflation was bad, just wait for June-July-August