Alboflation rages under Aussie economic bonnet

Monday 6 July 2026

According to Primara Research, I have never heard of the latest ABS Business Conditions data for June 2026 indicates that 1 in 7 Australian firms are now boosting prices in reaction to gasoline costs, up from 11% to 15%, 36% more enterprises than last month.

It’s mining, construction, wholesale, transport: these are the input expenses that feed every sector downstream,” stated Simon Jupe, Managing Director APAC at Fishbowl Inventory.

The pass-through is now reaching customers directly. Retail trade follows, with enterprises hiking prices tripling from 11% to 22%.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.