FROM THE
Unleash Prosperity Hotline

Do Higher Oil Prices Cause Inflation?

You decide. Here is the historical relationship:

Screenshot

Rising oil prices create higher overall inflation because oil is a primary input into everything we produce and consume – from housing to groceries to health care to technology. If we want to keep the inflation rate down, we need energy prices to be falling or at least stable. This is why we need to continue the policy of drill, baby, drill!

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