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how crude oil prices and inflation is inter-related
aspecially for India and U.S.
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Answer Posted / rahul kedia
Crude oil is the fuel for running the transporting the essential items. The phenomenon increase in the fuel cost pushes up the cost of the commodities equally. Further, it appears that there is a lot of speculative trading going on in fixing the oil price and that results in the dollar's and other currency's value. All have a cascading effect on the price of the commodities.
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