Quote:
Originally Posted by Lenny2
Well we've seen energy prices more than double and haven't had an inflation problem.
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"Brent oil prices have risen from an average of $19.42/bbl in January 2002 to $71.05/bbl last month. In euros, however, they have only risen from €22/bbl to €52.96/bbl over the same period. That’s a rise of 266% in dollar terms, but only 141% in euro terms "
of course there is no inflation problems, when CPI doesnt involve energy costs.
current price of oil is around $80/bbl, thats around 300% increase in dollar terms, yet there is still low inflation
if you belive in "low inflation", its your problem....