The Big Story: Cheaper petrol at last... Does this mean the cost-of-living will finally cool?

Good news for motorists! Petrol prices are finally heading down. But is relief at the pump really a sign that the worst of the cost pressures is over? Motorists are paying less today as global oil prices fall sharply on easing geopolitical tensions. So is this the beginning of real relief for households, or just a brief pause before the next wave of price pressures? On The Big Story, Hongbin Jeong speaks to Terence Fan, Assistant Professor Strategic Management & Entrepreneurship, Singapore Management University, to find out more.See omnystudio.com/listener for privacy information.