Inflation and oil prices forecasts

Oil prices 1996-2008 (not adjusted for inflation)
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A range of data from various countries showed inflation accelerating during March: the euro area’s annual rate rose to 2.7%, the U.S. reported a rise to 2.7% in its consumer-price index, in India headline inflation leapt to nearly 9%, and in China consumer prices recorded their biggest increase since July 2008, rising by 5.4% year-on-year.

The chief cause was higher petrol prices and forecasts are not encouraging. Barclays, in its Oil Market Update released on March, forecasts that a barrel of West Texas Intermediate (WTI) crude oil, the benchmark U.S. grade, will sell for an average price of $185 in 2020. That’s $38 higher than the current all-time record high reached in the summer of 2008, when oil topped $147 a barrel.

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One thought on “Inflation and oil prices forecasts”

  1. Inflation and oil prizes are a big issue now the days and i think our governments should have to take proper action over it. Thanks for sharing.

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