Posted 10/22/2023, 8:48:00 PM
Petrol Price Spike Adds to Cost of Living Squeeze for Australians
- Petrol prices spiked 7% in September quarter, adding to cost of living pain for Australians
- Conflict in Middle East exacerbating uncertainty and further pain at petrol pumps
- September quarter CPI data out Wednesday expected to show impact of fuel costs
- Treasurer warns inflation persistent globally and in Australia, more rate rises may be needed
- All eyes on RBA meeting November 1 and whether rates will rise from 4.1% to combat inflation
