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Which inflation measure are you referring to? Because of course petrolium products directly (gas, heating) and indirectly (cost of shipping) contribute to the e
by _diyar 7mo ago
Which inflation measure are you referring to? Because of course petrolium products directly (gas, heating) and indirectly (cost of shipping) contribute to the effective price of most consumer baskets.
In other words, this might be true because the “inflation-rate“ was high, but it was high because the cost of oil went up.
- jollyllama 7mo ago> In other words, this might be true because the “inflation-rate“ was high, but it was high because the cost of oil went up. No way. Housing and food have gone way up from Obama-era levels, but gas has yet to even come close to the cost at the time. Edit: If anything, it's really the opposite. Cheap gas has been holding down inflation estimates.
- _diyar 7mo agoDo you believe the price of housing and food is unrelated to the cost of oil?
- jollyllama 7mo agoFor the time period in question, practically, yes, because the price of housing and food went up while the price of oil stayed flat.