Thursday 24 July 2008

Flow-on

It will be relatively straight forward to check whether or not the drop in oil prices is passed on at the petrol pump.
But will the ACCC and other authorities also be checking to see that there are corresponding reductions at the supermarket. It would seem everything from matches to meat has increased in price, the principal justification being increased fuel costs. I will be surprised, pleasantly I must admit, but I have my doubts about the likelihood of such a flow-on

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