{"id":406334,"date":"2022-02-16T00:21:27","date_gmt":"2022-02-15T21:21:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/inflation-would-rise-if-russia-invaded-ukraine\/"},"modified":"2022-02-16T00:21:27","modified_gmt":"2022-02-15T21:21:27","slug":"inflation-would-rise-if-russia-invaded-ukraine","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/inflation-would-rise-if-russia-invaded-ukraine\/","title":{"rendered":"#Inflation would rise if Russia invaded Ukraine"},"content":{"rendered":"<p>&#8220;<strong>#Inflation would rise if Russia invaded Ukraine<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>US inflation \u2014 already stuck at a 40-year high of 7.5% \u2014 could spike to 10% or higher if Russia invades Ukraine, according to a new analysis.<\/p>\n<p>That\u2019s because oil prices could rise to well over $100 a barrel if Russia \u2014 a major oil producer \u2014 has its global supply lines interrupted, either by sanctions or by conflict.<\/p>\n<p>Pain at the pump could ripple across the entire US economy, according to the analysis, sending prices sharply higher on everything from gas to groceries.<\/p>\n<p>The study, which was done by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnn.com\/2022\/02\/15\/economy\/russia-ukraine-inflation\/index.html\">consulting firm RSM and reported by CNN<\/a>, found that a crisis in Eastern Europe would trigger the fastest rate of US inflation since October 1981.<\/p>\n<p>Oil prices alone could rise to $110 or beyond from their current level of just above $90. \u201cWe\u2019re talking about a real short-term shock,\u201d Joe Brusuelas, chief economist at RMS, told CNN. \u201cHeating the home and putting gasoline in the car will become more expensive in the im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te aftermath of a Russian invasion,\u201d he said of a possible incursion.<\/p>\n<p>Russia is the world\u2019s second-largest exporter of both oil and natural gas. <\/p>\n<p>Meanwhile, President Biden has vowed that any Russian military incursion into Ukraine would result in \u201cswift and severe\u201d sanctions against Moscow.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/US-inflation3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Analysts say that a Russian invasion of Ukraine could send inflation in the United States above 10%.\" class=\"wp-image-21220527\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/US-inflation3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/US-inflation3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/US-inflation3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Analysts say a Russian invasion of Ukraine could send inflation in the United States above 10%.<\/figcaption><figcaption><span class=\"credit\">EPA<\/span><\/figcaption><\/figure>\n<p>American and European officials fear that any sanctions against Russian financial institutions would result in retaliation from the Kremlin, including cutting off the supply of oil and natural gas from Russia to Europe \u2014 which could crimp supplies and send prices spiraling higher.<\/p>\n<p>Last week, analysts at JPMorgan Chase predicted that a Russia-Ukraine crisis would send oil prices even higher than the RMS analysis predicted \u2014 to around $120 per barrel.<\/p>\n<p>Americans are already paying sky-high prices at the pump thanks to record levels of inflation not seen in 40 years. The national average for regular gasoline hit $3.50 a gallon on Tuesday \u2014 up from around $2.50 a year ago, according to AAA.<\/p>\n<p>And consumer prices have surged 7.5% from the last year \u2014 forcing the average American household to fork over an extra $276 per month, according to a study by Moody\u2019s Analytics.<\/p>\n<p>The latest spike, which outs<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>ped the 7.2% increase predicted by economists, marked the highest annual increase for consumer prices since February 1982, the Labor Department said last week.\u00a0<\/p>\n<p>Increases in the cost of food, electricity and rent were among the largest contributors to the red-hot rate \u2014 though excluding food and gas, the Consumer Price Index rose by 6%.<\/p>\n<p>The inflation rate in the US averaged 3.25% from 1914 until the present year. In 2020, inflation rose by just 1.2%. The previous year, inflation was at 1.8%.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/US-inflation2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Americans who are already paying high prices at the pump would likely pay more since the price of oil would approach $110 a barrel in the event of a crisis, according to estimates.\" class=\"wp-image-21220525\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/US-inflation2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/US-inflation2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/US-inflation2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Americans, who are already paying high prices at the pump, would likely pay more since the price of oil would <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach $110 a barrel in the event of a crisis, according to estimates.<\/figcaption><figcaption><span class=\"credit\">Christopher Sadowski<\/span><\/figcaption><\/figure>\n<p>Geopolitical tensions have remained high in recent weeks after Russian forces massed on its border with Ukraine \u2014 prompting American intelligence officials to warn of an imminent invasion.<\/p>\n<p>But there were signs that the crisis was being averted \u2014 at least for the time being. Russian President Vladimir Putin said Tuesday that he would seek more dialogue with the US and NATO \u2014 this after his military pulled back some troops from the region. <\/p>\n<p>As signs of a de-escalation emerged, crude oil retreated to just under $92 per barrel on Tuesday.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/02\/15\/inflation-would-rise-if-russia-invaded-ukraine\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Inflation would rise if Russia invaded Ukraine&#8221; US inflation \u2014 already stuck at a 40-year high of 7.5% \u2014 could spike to 10% or higher if Russia invades Ukraine, according to a new analysis. That\u2019s because oil prices could rise to well over $100 a barrel if Russia \u2014 a major oil producer \u2014 has&#8230;<\/p>\n","protected":false},"author":1,"featured_media":406335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/02\/russian-tanks-ukraine.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[125751,28340,94183,70551,77305,72970,4975,70868],"class_list":["post-406334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-15-22","tag-europe","tag-gas","tag-inflation","tag-natural-gas","tag-oil","tag-russia","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=406334"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/406335"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=406334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=406334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=406334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}