00:02Price hikes are getting baked in.
00:04We've actually had a 9% fuel surcharge from one of our suppliers.
00:08Will you have to just charge your customers more?
00:10Yeah, these charges will just have to be passed on to the customers.
00:13From taxis and freight to concrete and pipes,
00:16fuel surcharges are becoming widespread as petrol prices soar.
00:21We've seen some transport companies like the airlines as well as Uber
00:27announce that they're going to be increasing prices.
00:30Your daily coffee could get more expensive
00:33as the hospitality industry is expected to start
00:36widely charging fuel surcharges on bills.
00:40So the pass-through to people is going to be quite quick.
00:44Online retail is also under pressure
00:47as Australia Post doubles its fuel surcharge
00:50on parcel deliveries for up to 30,000 business customers.
00:54If it's an extra dollar to our cost for each order,
00:58that's a big cost to the business that we need to solve.
01:02And we know it's really tough for consumers.
01:03Interest rates went up recently as well.
01:07Now fuel's a big factor.
01:10Storm clouds are clearly looming with recession risks on the rise.
01:14AMP now says that there's a 30% chance of one happening here by next year.
01:19If we see some slowing in demand, we could actually see rate cuts starting next year.
01:24As business owners, borrowers and drivers hold on.
01:29In the last year.
01:29So the impact on the loan that we can invest in is the amount of money,
01:30the amount of money and the amount of money is needed.
01:31The amount of money has been added to our banks.
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