| One major indicator of inflation is the price of petrol and the latest information from the International Energy Agency (IEA) shows it will only get more expensive. Oil is deeply embedded in the economy, with the cost reflected not only at the petrol bowser but in food and clothing products.
The IEA is an independent, multi-government agency formed out of the wake of the 1973 oil crisis. It forecasts oil production, monitors the international oil market and other energy sectors..............................................Full Article: Source
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