There's so much energy pricing baked into the price of manufactured goods that when you have. When you have that situation, you look at the overall inflation between 8 and a half and 9.5%. You know what the Energy inflation was at its peak 32%. 32%. There was no question in my mind that the oil and gas price gouging and the inflation in that sector was absolutely driving the rest of the inflation in this economy. (44:54–45:03)
CLAIM
Asserts that energy inflation reached 32% at its highest point.
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