It absolutely is not. How can I prove it? Producer price inflation (PPI), a measure of input cost inflation has been 25-50% higher than CPI, consumer price inflation (inflation in finished consumer goods) for months. That is de facto proof that corporations are absorbing inflation through lower margins and reduced costs. A portion of the difference is shrink-flation, but the Delta is big enough to account for that, and more.
Inflation is ALWAYS a monetary phenomenon cause by government assholes printing to much money compared to goods and services available. Those same government assholes ALWAYS blame 'greedy corporations' and 'speculators'. It's been like that since Roman times, and probably before. What a huge fucking coincidence that the speculators always show up right after the government debases its currency.
If you buy the greedy corporation bullshit that that your local propaganda news channel tells you, you are either a shill or a useful idiot. Not a good look either way.
The clues:
- posted in Funny
- it's posted in
- did I mention that it's posted in funny
Good lord, could you be any more pedantic. Of course it's not the whole reason for inflation you literal retard.
I see this shit posted unironically all over the place. Just because you posted it in funny doesn't make it obvious that you meant it as a joke.
Oil isn't even core inflation. It will eventually reach goods if sustained, but the spot price of oil is only relevant to speculators. And it moves on news just like the speculative price of anything else.
What makes the writer of this comic a retard is he thinks that suppliers independently set the price of oil.
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