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In the article, rising fuel costs help drive inflation to highest rate in six years, states how
inflation is increases due to the cost of fuel. As inflation keeps increasing over the years, the
economic growth will slow down. The cost of products and services will increases putting
business and jobs at risk. Transportation business have been highly affected by the increase of
fuel because they must cut off transportation services and charge more to consumers. This can
decrease the number of customers because many customers will limit their purchases. Cars prices
are also increasing cutting off some of the production of cars because consumers are not willing
to buy car not only because of the price but also the fuel cost. Overall, every economic sector is
affected by the cost of fuel.
Marketing is an important factor for business; however, the rising cost of fuel affects the
ability for business to get consumers. Its affected by the way that consumers must pay more for
goods and services. Fuel is an important resource because we depend on fuel to transport goods
and services nationwide. The economic strength depends on goods and services to produce
economic growth. However, with the raise of fuel cost inflation increasing affected the cost of
everything. As looking for an employment when inflation increases can be difficult for many.
The economic stand point of the economy can be affected by the cost of fuel by inflation
increases as inflation increases the productivity of the economy will decrease putting many
businesses at risk. Inflation in the economy can cause an economic recession or depression due
to the high cost of goods and services that can be a barrier for consumers to purchase.
http://www.latimes.com/business/la-fi-june-inflation-20180712-story.html
