Oil Prices #householdbudget #fuelprices

Oil prices are volatile right now and the uncertainty is worth paying attention to.

Rising oil flows through to what you pay at the pump, the cost of goods, and broader inflation. If inflation picks up, the Reserve Bank may respond by lifting interest rates. That is a potential double hit on household budgets, higher living costs and higher borrowing costs at the same time.

General advice only, consider speaking with a financial adviser about what is right for your situation.

#oilprices #inflationwatch #interestrates #costofliving #economicoutlook