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It would mean that when oil/energy prices go down, then prices of many goods should also drop, potentially erasing the inflation. A decent amount of energy pro
by aeternum 4y ago
It would mean that when oil/energy prices go down, then prices of many goods should also drop, potentially erasing the inflation.
A decent amount of energy production was taken offline when oil futures went negative. Then the war in Ukraine and resumption of travel means 3 factors pushing up energy prices all at once.
- willcipriano 4y agoInflation starting going up before the high energy prices started. My theory is inflation is causing high energy prices, not the other way around.