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February 9, 2022

Oil prices have been increasing to a multi-year high, but other measures of inflation are not doing the same thing.

Oil prices (West Texas Intermediate or WTI) have increased 40% from the low in early December 2021 to the highest level since 2014.  Source: Koyfin. This may lead to an increase in the monthly growth rate of inflation measures like the consumer price index (CPI) and the producer price index (PPI).  At the same time,...
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