Analyst: Russian Invasion Could Aggravate Inflation

By Jeff Palermo

Louisiana Radio Network

Russia’s invasion of Ukraine sparked oil prices to soar past 100-dollars Thursday morning for the first time since July 2014. Executive director at the Center for Energy Studies at LSU, David Dismukes, says inflation is already high and the Russia-Ukraine will only push prices higher.

“Not just in crude oil, but in agricultural commodities, metals, everything across the board is up 6-to-8 percent Thursday morning, this is just going to make a bad situation even worse,” said Dismukes.

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