How Much Do Oil Prices Affect Inflation?

It is puzzling why large monthly or quarterly oil price changes predict very small changes in the CPI but daily oil prices predict large changes in breakeven inflation.
Central Banker logo

Subscribe

Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.

Subscription Options


Additional Fed Publications

Fed in Print: An index of the economic research conducted by the Fed.