Inflation soars on airfares and private school fees

The rise in inflation might lead to increased costs for consumers, putting pressure on discretionary spending. Companies in the consumer goods and energy sectors may face higher production costs, which could be passed on to consumers, affecting their profitability. Meanwhile, if inflation remains high, interest rates might rise, impacting borrowing and spending in the economy.

Transportation and educational services, particularly those that handle air and private school tuition, may see increased prices but could also benefit from stable demand. If inflation is sustained, businesses that effectively pass costs on to the consumer might maintain their margins.