Birdwatch Note Rating
2023-06-21 18:41:06 UTC - HELPFUL
Rated by Participant: CF88CD5E866511AEAAE8537F48E1C3AC57E22DF2F47E77CF6C7CBFE2C5D38CC3
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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