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Oil Price Causes Spikes and Crashes in Inflation

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Oil price causes spikes and crashes in inflation | #ChartOfTheDay #Oil #Inflation

 

  • Big moves in oil price have a big impact on inflation
  • Correlation of 54%, hence, if oil price increases inflation increases and vice versa
  • This chart also highlights how sensitive CPI as a measure of inflation is to big price changes in oil

 

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Posted in Chart of the Day