Preeminent among the causes of supply inflation in recent decades is

Question

Quizplus · Accepted Answer

Large changes in the price of oil have played a major role in causing supply inflation in recent decades. This is because oil is a critical input in many industries and when its price increases, it raises the costs of producing goods and services, leading to inflation. Additionally, higher oil prices can lead to higher transportation costs which further increase the costs of producing goods and services.

Preeminent Among the Causes of Supply Inflation in Recent Decades