Analysis: If oil prices remain at the current level for 3 months, the U.S. inflation rate will reach its highest level since September 2023
According to an analysis by The Kobeissi Letter, with U.S. oil prices currently close to $120 per barrel, their model indicates that if the current levels persist for 3 months, the U.S. CPI inflation rate will rise to about 3.7%.
This would bring the U.S. inflation rate to its highest level since September 2023.
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