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"Why does the media never report this? Oil price & demand shocks were the main drivers of movements in inflation around every global recession since 1970 (1975, 1982, 1991, 2009, & 2020). Oil price & demand shocks led the surge in global inflation between 2020 & 2022"
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title:
"What Explains Global Inflation"
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"This paper examines the drivers of fluctuations in global inflation, defined as a common factor across monthly headline consumer price index (CPI) inflation in G7 countries, over the past half-century..."
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