Birdwatch Note Rating
2023-06-21 12:50:35 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 84DD5A4130DEFFD47422A89DAE618AD606D225E25AE72C653636AFDB52ED0C55
Participant Details
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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