Gasoline costs surged by nearly 4 percent in August, driving a significant portion of the month’s broader inflation rise. The sharp increase in petrol prices contributed to a third of the total inflation growth, highlighting fuel expenses as a key economic pressure point. With energy costs remaining volatile, consumers may face continued strain at the pump. The latest data underscores how fluctuating fuel prices can ripple through the economy, influencing spending and inflation trends.
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
