Dropping oil prices could help ease inflation
Dropping oil prices could help ease inflation
5 June 2024
The slide is after producer OPEC-plus extended voluntary cuts to production over the weekend - alongside the US lifting supply.
Herald Business editor-at-large, Liam Dann says although wage costs and insurance costs aren't changing - petrol has a big influence on inflation.
Dann says petrol flows through everything in our economy - because people and goods need to keep moving.
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