Analysis: If oil prices remain at their current level for 3 months, the U.S. inflation rate will reach its highest level since September 2023

BlockBeats News, March 9th, according to The Kobeissi Letter analysis, with the current U.S. oil price nearing $120 per barrel, its model shows that if this level continues for 3 months, the U.S. CPI inflation rate will rise to around 3.7%.

This would bring the U.S. inflation rate to its highest level since September 2023.