Consumers face price slug as rising inflation pressures companies

As the company reporting season moves into top gear, there's one consistent buzzword - and that's inflation.

Supply blockages and closed borders means a range of products are increasingly hard to source - and as demand outstrips supply, that means prices are rising throughout the economy.

Rising inflation is forcing some companies to pass on higher costs to businesses and consumers. 

However, JB Hi Fi chief executive Terry Smart says competition will keep the electronics retailer's prices down and pledges to absorb an eight percent spike for now. 

Boral chief executive Zlatko Todorcevski says higher costs for coal and diesel will be passed on in "out of cycle" price increases for building products.

Here's my analysis from ABC NewsRadio this morning