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Petrol prices contribute to inflation spike

September 28, 2023 8:12 am in by

Soaring petrol prices have contributed to a spike in Australia’s inflation rate.

Latest figures from the Bureau of Statistics show inflation has climbed by 5.2% for the year to August, an increase on the July reading.

It comes as many servos in Mildura are starting to raise prices to above two dollars a litre with those prices set to climb higher heading into the long weekend and end of school holidays in Victoria.

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Image: https://pixabay.com/photos/refuel-gas-pump-gas-station-diesel-1629074/

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