Mises Daily
Author:
Frank Shostak
Online Publish Date:
According to many commentators, the recent fall in the price of oil should soften the rate of increase in the core CPI, i.e., the consumer price index less food and energy. (The price of oil fell to around $63 per barrel from $74.50 per barrel at the end of July — a fall of 15.4%). These people believe that changes in the price of oil plays an