Hacker News new | ask | show | jobs
by giantg2 36 days ago
Yes, and that volatility is why economists exclude fuel and food from core CPI.
1 comments
mint5 36 days ago
Except oil prices are predicted to remain over $100 for at least the rest of this year. It’s not a short term thing.
link
giantg2 36 days ago
Depends on your definition of short term. Did oil prices drop after '08-'09 timeframe? A few years could be seen as short term in economic trends.
link