Jeff Boomer

Oil price shock: Higher US inflation could weigh on consumers

March 11, 2026 |RBC Economics

In what follows, we outline a range of scenarios and how we’re thinking about the current oil price shock. 1. Higher oil will drive up inflation but the magnitude depends on the persistence of the shock Headline inflation has now exceeded 2% for nearly...

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Oil price shock: Higher US inflation could weigh on consumers

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