The senior manager of business policy at the professional body believes the UK and US – where costs are rising at 5-7 per cent – show inflation is here to stay in Australia and the only way for fuel is up.
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Why accountants must factor in $3 fuel
Accountants will play a key role in helping businesses plan for 1970s-style inflation and sky-high petrol prices, said Gavan Ord of CPA Australia.
