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AAP
AAP
Politics
Poppy Johnston

Rate hike chance 'incredibly slim' in bumpy last mile

Surging freight costs are a reminder of international pressures on inflation, the treasurer says. (Darren England/AAP PHOTOS)

Higher shipping costs and other hiccups are complicating the central bank's task of lowering inflation, yet economists say a bumpy last mile was expected.

The next set of quarterly inflation numbers, which tops the Reserve Bank's watchlist ahead of its August interest rate meeting, will likely show upwards pressure from rents, insurance and petrol, the federal treasurer said on Monday.

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