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Consequently, the gasoline price increase has also been attributed to the surge in the US inflation rate to an all-time high of 8.5% in March

Consequently, the gasoline price increase has also been attributed to the surge in the US inflation rate to an all-time high of 8.5% in March 2022 - the highest since December 19812. In your group's opinion, is it demand-pull inflation or cost-push inflation or both? Why?

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