Exclusive: Russia-Ukraine conflict could cause inflation to hit 10%, new analysis finds
CNN
The cost of living is already very high in America. The Russia-Ukraine crisis could make it even worse.
Oil prices have jumped well above $90 a barrel in recent weeks as the risk of a Russian invasion has increased.
If the Russia-Ukraine crisis drives oil to about $110 a barrel, inflation in the United States would exceed 10% on a year-over-year basis, according to a new analysis by RSM shared exclusively with CNN.
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