3 ms·Yes, and that volatility is why economists exclude fuel and food from core CPI.by giantg2 5mo agoYes, and that volatility is why economists exclude fuel and food from core CPI.mint5 5mo agoExcept oil prices are predicted to remain over $100 for at least the rest of this year. It’s not a short term thing.giantg2 5mo agoDepends on your definition of short term. Did oil prices drop after '08-'09 timeframe? A few years could be seen as short term in economic trends.