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Prolonged high petrol prices put pressure on inflation

Mark Ludlow

Sea Legs general manager Declan Roche says prolonged high petrol prices are driving up the costs of getting his Brisbane brewery’s beer into the hands of customers.

Businesses and households across Australia have had to pay petrol prices of more than $2 a litre over the past fortnight, and the pain at the bowser is also putting more pressure on inflation and boosting the chances the Reserve Bank could raise interest rates again.

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Mark Ludlow was Queensland bureau chief for The Australian Financial Review Connect with Mark on Twitter. Email Mark at mludlow@afr.com

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    Original URL: https://www.afr.com/companies/energy/prolonged-high-petrol-prices-put-pressure-on-inflation-20230908-p5e35d