Oil Price Fluctuations Impact Inflation in 2023

In 2023, oil prices surged to $87 in April, driving inflation upwards, before easing to $72 by year-end. Discover how these changes affected the economy.

A dynamic graph illustrating the rise and fall of oil prices in 2023, with vibrant colors to highlig
Oil Price Fluctuations Impact Inflation in 2023

Oil prices rose to $87 in April, contributing to higher inflation before declining to end the year around $72.

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