Get ready for potential inflation shock and early interest rate rises, economists warn - Monday Finance with Peter Ryan

As the global economic recovery continues, there are growing warnings that inflation particularly in the United States is not just temporary but coming back with a vengeance. 

Economist Stephen Koukoulas from Market Economics says there are signs that inflation might not be transitory but like to become entrenched. 

He warns there's a growing likelihood that the US Federal Reserve might need to raise official interest rates next year ahead of schedule.

Here's my analysis from this morning's RN Breakfast.