Submitted by rosetechnology t3_xwddlc in dataisbeautiful
Comments
Dr_Axxus t1_irghgpe wrote
Because manufacturing and fertilizer costs are primarily determined by energy costs. That said, obviously, inflation has multiple causes, energy is just one large component
ZachMartin t1_ir5sc1c wrote
Cool to see, but are there any valuable conclusions to draw from this?
LuwiBaton t1_ir5ttxh wrote
Higher oil prices contribute to inflation directly and by increasing the cost of inputs.
There’s not really anything interesting or new represented in this graph.
libertarianinus t1_ir5tktr wrote
Energy is used in all aspects of our life. Manufacturing, Transportation, Food, Utilities, All influence on what we pay for items.
Edit: Be more energy independent, have more nuke plants etc. Fyi, nuke does nothing for transportation and food.
RedditSuggestion1234 t1_ir65gji wrote
>nuke does nothing for transportation
It somewhat does if you have an electrified rail network
Til_W t1_ir7fyf5 wrote
That graph doesn't really support the "Inflation is about Energy" title, however it is true that energy prices have been a major driver of inflation.
[deleted] t1_ir7wkwh wrote
From the 80s onward the volatility is up. Because of computers?
CantRemember45 t1_ir5v4k2 wrote
do one for meat, toiletries, ect. something tells me they’ll all follow the same trend