Analysis: If oil prices remain at current levels for three months, the U.S. inflation rate will reach its highest level since September 2023.
BlockBeats News, March 9, according to analysis by The Kobeissi Letter, as U.S. oil prices are currently close to $120 per barrel, their model shows that if the current level persists 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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