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And Energy prices are at an all time high— go figure! https://fred.stlouisfed.org/series/CUSR0000SEHF01 https://fred.stlouisfed.org/series/CUSR0000SEHF01

• DoctorOW 1y ago
  Correlation is not causation. Energy companies have increased their prices largely to increase profits.
  • deleted 1y ago
    [deleted]
  • mmooss 1y ago
    How is it correlation?
    • DoctorOW 1y ago
      Increase in renewable power correlates with increase in prices.
      • mmooss 1y ago
        I see both happened around the same time. Correlation requires showing that both increase together and both decrease together (and that it's not chance).
• vikramkr 1y ago
  not sure if you meant to link a different chart - that chart is the electricity component of CPI-U (an inflation measure) meaning it's by definition not inflation adjusted - you'd probably want to find a chart of nominal values for electricity spending and adjust for inflation to see whether or not it's at an all time high. Which, recently it's run ahead of inflation because of the overall surge in demand and investment in upgrading aging infrastructure/adding new capacity, but long term it's pretty flat/down
• NooneAtAll3 1y ago
  What happened in 2022? Does the graph not account for inflation?
  • vikramkr 1y ago
    that graph is of one of the components that is used to calculate inflation