Oil price threatens discretionary spending - Financial indicator
June 2008
Perspective of the impact of oil pricing on the charity sector
Oil has reached $126 per barrel, up 99 per cent in a year. Fears are growing that with demand, still-strong prices can go higher yet. The knock-on threat to prices is threatening to give another twist to the inflationary spiral. Rising fuel and food costs pre-empt discretionary spending and thus hit the needy hardest. For those charities helping those with financial difficulties needs are about to increase again.
Author: John Kelly
John Kelly is head of client investment at CCLA.
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