Oil Could Drive Inflation Up Half a Percentage Point: Citi's Sheets

Bloomberg
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Oil Could Drive Inflation Up Half a Percentage Point: Citi's Sheets
Bloomberg
Written by Bloomberg
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Nathan Sheets, global chief economist at Citi Research, discusses the implications of persistently high oil prices on US inflation and the consumer economy. He notes that while core inflation remains relatively unaffected, headline inflation could rise by as much as half a percentage point in the coming months due to these elevated energy costs.

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