Birdwatch Note Rating
2023-06-21 12:58:33 UTC - HELPFUL
Rated by Participant: 9FB78586917F6DE0633F188A93E6F6D7E2A1FDB78F2CA9F8000F2457A8424E5F
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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