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Doesn't the price of energy factor into literally everything else? Every production and supply chain in the whole economy takes energy: gas, gasoline, oil, coa
by wffurr 5y ago
Doesn't the price of energy factor into literally everything else? Every production and supply chain in the whole economy takes energy: gas, gasoline, oil, coal, solar, nuclear, etc.
If energy prices are up significantly, I'd expect that to have a much larger than 1% impact on prices as a whole. Much more than the impact of gasoline prices in isolation on the basket of goods.
- jbay808 5y agoSo does shelter though; at least anything produced by human hands or human minds has a shelter cost baked in somewhere. Every factory has to pay for the land it occupies and the land their workers sleep on. Bay area salaries could probably be slightly lower if Bay area rents were slightly lower. Et cetera...