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The Inflation Factor: How Rising Food and Energy Prices Impact the Economy

By Darren Atwater | Sunday 18 September 2022


 


We hven't run one of these Visual Capitalist graphics for awhile. They are always facinating. Counterintuitively, the annual price of crude oil is forecasted to average US $93 per barrel equivalent in 2022⁠. By comparison, during the 2008 and 1979 price shocks, crude oil averaged US $127 and US $119 per barrel, respectively.

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