Birdwatch Note Rating
2023-06-21 17:16:05 UTC - HELPFUL
Rated by Participant: B9AA25ECED8EC1BDF2128055B2E7ACCE51275A89B08302573D6E48D847B810A8
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
All Note Details