# Will oil prices be the trigger that wakes the inflation beast? - Financial Post

> Reuters commentary notes oil prices are rising sharply while recent G7 inflation reports came in softer than expected. It cites research that oil has a statistically significant effect on G7 inflation and that a 10 percent oil rise typically lifts domestic inflation by about 0.4 percentage points short term.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65433-will-oil-prices-be-the-trigger-that-wakes-the-inflation-beast-financial-post
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude prices raise energy and fertilizer costs and can feed into biofuel economics, while the inflation outlook shapes central bank policy and the dollar.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-08-10 | [C$ notches up 6-day high as U.S. inflation pressures ease \| Financial Post](https://feedsoft.ai/events/40282-c-notches-up-6-day-high-as-u-s-inflation-pressures-ease-financial-post.md) | -4.3% | -10.8% |
| WTI | 2020-12-02 | [Canadian dollar notches a 2-year high on higher oil prices \| Financial Post](https://feedsoft.ai/events/49875-canadian-dollar-notches-a-2-year-high-on-higher-oil-prices-financial-post.md) | +2.4% | +8.4% |
| WTI | 2017-01-09 | [Oil Prices: What to Make of the Volatility](https://feedsoft.ai/events/73142-oil-prices-what-to-make-of-the-volatility.md) | -3.0% | -1.8% |
| WTI | 2017-11-09 | [Will the Canadian dollar become a petrocurrency again? \| Financial Post](https://feedsoft.ai/events/68199-will-the-canadian-dollar-become-a-petrocurrency-again-financial-post.md) | -2.7% | -0.4% |
| WTI | 2020-10-08 | [Canadian dollar rallies on higher oil prices, U.S. stimulus hopes \| Financial Post](https://feedsoft.ai/events/50857-canadian-dollar-rallies-on-higher-oil-prices-u-s-stimulus-hopes-financial-post.md) | +2.7% | -2.1% |
| BRENT | 2017-01-09 | [Oil Prices: What to Make of the Volatility](https://feedsoft.ai/events/73142-oil-prices-what-to-make-of-the-volatility.md) | -2.8% | -0.2% |
| BRENT | 2023-01-10 | [OPEC pricing power limits downside risks to oil prices, Goldman says \| Financial Post](https://feedsoft.ai/events/37951-opec-pricing-power-limits-downside-risks-to-oil-prices-goldman-says-financial.md) | +6.9% | +2.8% |
| BRENT | 2022-11-10 | [Oil prices settle 1% higher on tepid U.S. inflation data \| Reuters](https://feedsoft.ai/events/38852-oil-prices-settle-1-higher-on-tepid-u-s-inflation-data-reuters.md) | -0.1% | -16.9% |

## Sources

- financialpost.com: https://financialpost.com/energy/column-will-oil-prices-finally-give-teeth-to-inflations-bite-mcgeever/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.