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> 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
by jollyllama 8mo 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 8mo agoDo you believe the price of housing and food is unrelated to the cost of oil?
- jollyllama 8mo agoFor the time period in question, practically, yes, because the price of housing and food went up while the price of oil stayed flat.