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Fuel Prices Soar, Inflation Surges
Published 1 week, 1 day ago
Description
Fuel and energy prices soar, causing inflation to surge, with petrol up 33% and diesel nearly doubling. Airfares also climbed, while food prices remained flat. Households and businesses are struggling to adapt, with students resorting to debt for essentials. Inflation is expected to reach 4.3% by June, leading to potential interest rate hikes to cool the economy.
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