Which factor caused higher oil prices to directly lead to inflation?

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asked Jul 13, 2020 15.2k views

2 Answers

Muhammad Akber Khan · Answer 1 · 2020-07-15T01:05:28+0000

Answer:

In this perspective, an increase in the price of crude oil appears to increase inflation through the reduced supply of the many consumer goods using oil as an input.

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Which factor caused higher oil prices to directly lead to inflation?

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2 Answers

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Usually, if a popular product is low in stock, they raise the price.β⊃

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