Birdwatch Archive

Birdwatch Note Rating

2023-06-21 17:02:04 UTC - NOT_HELPFUL

Rated by Participant: 576F76E1161D3F4ABDAE14B058FE2F9000BB1D4DABA14145E40209E3E8DB9642
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Original Note:

The primary reason for inflation in consumer goods is directly related to oil prices. Energy policies that restrict oil production increases the cost of every aspect of food production and logistics. Record inflation of the 70’s was also related to energy production. https://www.investopedia.com/ask/answers/06/oilpricesinflation.asp https://www.dallasfed.org/research/economics/2021/1123

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