A new graph showing April’s fuel prices is here …

The figures show that in the last month prices have jumped %1.3 on average for petrol and 3.5% on a month on month calculation this is on top of last month’s 2.9% and 5.4% respectively. If fuel prices are to climb in step with inflation (suggested to be 2.5% p.a.) we should be seeing monthly changes in the order of 0.2%. The question is, how long before this kind of fuel price acceleration is going to trigger inflation in the cost of necessary products such as food.

del.icio.us tags: fuel, prices, inflation, statistics