The Deeper Dive: Oil More Sticky than Slippery Plus other Inflation Gushers
And the slippery ones are the prognosticators using oil's high inflation as an excuse to say the return of inflation is "transitory," rather than seeing oil as the source of future inflation.
Let’s start from where we began this week’s discussion on rising inflation in the editorials of The Daily Doom:
The U.S. consumer price index (CPI) for August rose 3.7% year-over-year, according to the Depart of Labor, with the increase largely accounted for by a spike in gasoline prices, while CPI data overall showe…
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