The prices of commodities, notably crude oil, have been soaring in the past few months. Trade disruptions and OPEC+ supply cuts have driven up the price of crude by 20% since December. Economists are now concerned that the increase could be sufficiently strong enough to reverse the past year’s downward progress in consumer prices. What are the implications of the commodities move for inflation? #shorts Presented by @cmegroup:
https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtubeshorts&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
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