Living Conditions To Shoot Up Following Increase Of Transport Fares

Prices Of Goods, Living Conditions To Shoot Up Following Increase Of Transport Fares Prices of goods and services are expected to go up in the coming days and weeks, following the 13% upward adjustment in transport fares. This probably will shoot up inflation though the margin of increase might not be too wide. Inflation is an important indicator that banks use in pricing their loans and therefore any significant increase in inflation could push the financial intermediaries to increase their lending rates. Fuel and transport also have significant repercussion on cost of living and cost of doing business as any…