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Wikipedia says, that Russia's war against Ukraine is driving inflation. Now it seems that the bloody war is going to continue for quite a while. https://en.wik
by MichaelMoser123 4y ago
Wikipedia says, that Russia's war against Ukraine is driving inflation. Now it seems that the bloody war is going to continue for quite a while.
https://en.wikipedia.org/wiki/2021%E2%80%932022_inflation_surge https://en.wikipedia.org/wiki/2021%E2%80%932022_inflation_su...
"Mark Zandi, chief economist of Moody's Analytics, analyzed consumer price index components following the May 2022 report that showed an 8.6% inflation rate. He found that the 2022 Russian invasion of Ukraine was the principal cause of higher inflation, comprising 3.5% of the 8.6%. He said oil and commodities prices jumped in anticipation of and response to the invasion, leading to higher gasoline price"