Rising Energy Prices and Inflation Concerns

Energy Prices Could Reverse Drag on Inflation, Driving Up Overall Prices

Energy prices have been dragging down inflation recently, but that trend may be about to change. While gasoline and heating oil prices have fallen in recent months, gasoline prices have already started picking up this month and could continue rising into March. In addition, overall oil prices have increased by about 5% in February due to escalating violence in the Middle East and signs of a rebound in demand.