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Sunday, July 17, 2022

Will inflation come down after the oil price is below $100?

Let's take a look at the correlation between US inflation and oil price.

According to the above chart, the oil price has a high correlation with the CPI.  Thus, the CPI should move in sync with the oil price in the future.

However, Goldman Sachs had projected the oil price to reach $140 at the end of 2022 in its latest assessment.

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