Oh this actually is adjusted for inflation.

But yea I believe oil does work it’s way into inflation pretty heavily, especially in public sentiment about it (gas prices are strong correlated with the sitting presidents approval rating- they’re almost identical).

I think inflation is also lower here in the US than many places abroad, and yea- while oil is a big chunk of that we have a lot of other things contributing too. Cost of wheat products for example. And I think the microchip shortage and other supply chain stuff as well…