Fuel price surge threatens inflation and interest rates | 7NEWS скачать в хорошем качестве

Fuel price surge threatens inflation and interest rates | 7NEWS

Soaring fuel costs driven by conflict in the Middle East have added approximately 40 cents per litre to petrol prices, with freight industry operators warning these costs will be passed on to consumers through higher supermarket prices beginning in April. Economists predict the petrol price spike could add 0.7-0.8% to inflation if sustained, with potential implications for Reserve Bank interest rate decisions. The economic impact depends largely on the duration of the Middle East conflict, with a short war creating temporary inflation pressure while a prolonged conflict could have more serious consequences. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9h... Facebook »   / 7newsaustralia   TikTok »   / 7newsaustralia   Instagram »   / 7newsaustralia   X » https://x.com/7NewsAustralia 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus. #BREAKINGNEWS #7NEWS