Understanding what is behind the painfully high CPI inflation is key to understanding where it is headed and when. This table should help with this. The Russian invasion and spike in oil and other commodity prices is the #1 reason, followed by the pandemic & the housing shortage. pic.twitter.com/wBA2DZulf8
— Mark Zandi (@Markzandi) June 12, 2022
Before Russia invaded Ukraine, US gas prices were $3.53 / gallon
— Rick Newman (@rickjnewman) June 14, 2022
They're now $5.10 / gallon
That's nearly a $1.50 / gallon Putin premium pic.twitter.com/J6midRtDga
Sad! 