Surging inflation to prompt RBA rate hike. I speak with Bank of Queensland CEO George Frazis.

Anyone who's done the supermarket shopping recently will tell you that prices are continuing to surge as inflation becomes entrenched across Australia.

Food manufacturers are now warning it's about to get a lot worse and say they can't keep absorbing the higher prices.

Of course rising inflation also means the Reserve Bank is on track to raise official interest rates sooner rather than later.

Bank of Queensland chief executive George Frazis says there's no doubt that rates are rising but he thinks borrowers are well positioned as long as they keep their jobs.

Here's my analysis on ABC NewsRadio