KPMG economist says transport costs are driving inflation higher [SOUND]

# KPMG lead economist Frank Blackmore says the drop in core inflation to 4.1-percent in August is a positive sign, after core inflation had been rising in recent months. However, Blackmore states higher oil and fuel prices are putting upward pressure on transport costs, adding to overall inflation. He added that housing and utilities remain the biggest contributors to inflation, while transport costs are also rising due to higher oil prices: