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Global oil prices fell from $122 per barrel in June 2022 to $72 per barrel by December 2023.

Submitted by stannebraska (329) 5 months, 3 weeks ago
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Energy price declines, driven by global supply factors unrelated to Fed policy, accounted for approximately 40% of the inflation decline during this period.

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cited by (1)
cited as opposes by: [+0] The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023. central-banking inflation interest-rates macroeconomics monetary-policy virtues: Accurate unrated · Falsifiable unrated · Clear unrated · Novel unrated · Important unrated
this claim: Global oil prices fell from $122 per barrel in June 2022 to $72 per barrel by December 2023.
[+0] validity 0.0 centrality 16.8 consensus 0 depth 0.3
no field tags yet virtues Accurate unrated · Falsifiable unrated · Clear unrated · Novel unrated · Important unrated
supports (1)
supports: [+0] Gasoline prices dropped from $5.01 per gallon in June 2022 to $3.11 by December 2023. virtues: Accurate unrated · Falsifiable unrated · Clear unrated · Novel unrated · Important unrated
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