Regional areas will be hit hardest by the price rises, as more fuel is required to transport goods further distances from metropolitan distribution centres.
“The cost of fuel and fertiliser is flowing through the supply chain, and we’re going to see in metro areas probably a 2 or 3 per cent increase across the board,” market analyst and director of Episode 3, Matt Dalgleish, said.
"We’re seeing record prices for diesel, and that’s what most of Australia’s freight runs on.
“In regional areas it could get higher, maybe 10 per cent, depending on how remote the area is and how stretched the supply chain is.”
Daily reminder that welfare states save countries money immediately by preventing people from getting sick and becoming unable to work. You just need the country to capture a fraction of the increased profits companies make because they lose fewer people to illness and disability.