It looks like US electricity costs are up around 10% since 2022. How do you peel that apart to know electricity prices changed first, and that that is what caused all other prices to go up?
Also why do you look at electricity? Its not just electricity, its everything. The war disrupted oil supply from Russia, which is something like 11% of global oil production. On top of it they disrupted supply chains globally.
Also, this is on top of the pandemic's economic hangover. This is pretty much up there from the first few searches on this topic, before you have to get into any detailed economic analysis.
> I mean - you just said it didnt you? Energy touches basically every corner of the economy. Thats perfect. Yeah it does - and so it raises prices for everything.
That doesn't show direction though. Energy impacts basically everything in the economy, but energy can also be impacted by the rest of the economy.
> Also, this is on top of the pandemic's economic hangover. This is pretty much up there from the first few searches on this topic, before you have to get into any detailed economic analysis.
Doesn't that go against the earlier comment that prices are tied through energy costs and directly linked to Ukraine?
I wouldn't put to much faith in top search results for what its worth. Those are almost never going to include detailed economic analysis. Most people don't click on detailed analysis, search engines won't promote those first.